In recent months, the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has garnered significant attention in cryptocurrency. The SEC alleges that the company distributed 14.6 billion units of XRP without registering it as a security and has sued the company and its executives for this alleged violation.
However, the case is far from straightforward. Many legal arguments are being made on both sides, and it is difficult to determine who will come out on top. Pro-XRP lawyer John Deaton has pointed out that the parties have not yet filed their 56.1 statements and counter statements, which will contain indisputable facts and evidence supporting their positions for summary judgment. This means that making any definitive conclusions about the case is premature.
Ripple Defense Could Secure Total Victory In Court
According to Deaton, One of the key arguments being made by…
