Attorney John E. Deaton, who is representing 75,000 XRP investors in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), has drawn attention to the biggest danger for Ripple.
Deaton warned in a series of tweets that Judge Torres’ decision in the District Court will have a huge impact in practical and political terms.
The attorney was referring to an interview with Nick Burrafato, director of member investment at Linqto, with this comment. About two weeks ago, the latter spoke at the Ripple Swell conference with CEO Brad Garlinghouse and General Counsel Stuart Alderoty, among others.
Will The District Court Ruling Matter At All To Ripple?
Burrafato said everyone will overreact as a result of the ruling by the district court, whether it’s a win or a loss.
Because what this judge has to say about it is really not going to be that important. There are two more layers of appeals. What an appellate…
