In the continuing saga of Ripple versus the United States Securities and Exchange Commission (SEC), recent developments suggest a leaning in favor of Ripple, a prominent figure in the cryptocurrency space. Legal experts and community stakeholders are weighing in on the potential outcomes and implications of the case. John Deaton, a leading cryptocurrency attorney, has offered his insight, framing the situation as a significant victory for Ripple, should the case settle for $20 million or less.
Deaton’s comments came in response to general opinions mistaking the case’s conclusion for a balanced verdict between Ripple and the SEC. Instead, Deaton affirms a 90/10 advantage in favor of Ripple, negating the previously held 50/50 assumption. These remarks align with Ripple’s Chief Legal Officer Stuart Alderoty’s note on yet another legal setback for the SEC, referencing the outcome of the SEC vs. Govil case. The Second Circuit…
