Expert Predicts Ripple Victory Over SEC with 90/10 Advantage

In a legal saga of significant industry implications, the SEC’s battle with Ripple takes center stage, with potential outcomes discussed.

John Deaton predicting the outcome of the lawsuit based on some complex random calculations, appearing out of his head in soap bubbles.
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  • Ripple’s legal battle has taken center stage in a rapidly evolving industry.
  • Cryptocurrency attorney John Deaton has hinted at a significant legal victory for Ripple.
  • Recent rulings have challenged the SEC’s pursuit of disgorgement awards.

Ripple’s ongoing legal battle is emerging as a crucial focal point, fueling the fire of an industry poised for transformation. While the digital asset market experiences remarkable surges, the outcome of the United States Securities and Exchange Commission (SEC) versus Ripple lawsuit looms large.

John Deaton Anticipates a Significant Win for Ripple

High-profile cryptocurrency lawyer John Deaton offers invaluable insights into this ongoing legal tussle between the SEC and Ripple. According to Deaton, a settlement in the ballpark of $20 million or less would constitute a substantial legal victory for Ripple.

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In a recent X post, Deaton emphatically dismisses that the SEC’s lawsuit outcome is evenly balanced, asserting that it leans heavily in Ripple’s favor with a 90/10 advantage. Deaton’s response was prompted by a post from Stuart Alderoty, Ripple’s chief legal officer, highlighting yet another legal setback for the SEC.

Deaton’s perspective resonates with the prevailing sentiment within the cryptocurrency community, which generally sees the proposed $20 million settlement as a favorable outcome for Ripple. This evaluation considers the potential repercussions of the XRP lawsuit and the broader regulatory landscape for digital currencies.

Alderoty Addresses SEC’s Struggles

Stuart Alderoty’s post further contributes to the narrative, underscoring the SEC’s recent string of losses. In the case of the SEC vs. Govil, the U.S. Court of Appeals for the Second Circuit ruled that the SEC cannot seek significant disgorgement awards without demonstrating actual financial harm to investors. In essence, this ruling implies that no harm equates to no penalty.

Recently, Judge Analisa Torres granted an order pertaining to the SEC and Ripple’s joint request to propose a briefing schedule addressing institutional sales of XRP, a pivotal aspect of the lawsuit where Ripple was found to have violated securities laws. The parties involved must submit a joint briefing schedule before November 9.

On the Flipside

  • Stuart Alderoty’s post highlighting the SEC’s recent legal setbacks underscores that the regulatory landscape is still evolving and complex.
  • It remains to be seen how the SEC vs. Govil case ruling’s application to the SEC’s case against Ripple will unfold.
  • While Judge Analisa Torres approved a joint request for a briefing schedule, it does not necessarily predict the final outcome of the lawsuit.

Why This Matters

The ongoing legal battle between the SEC and Ripple, along with the proposed $20 million settlement, carries substantial weight in the cryptocurrency sphere. It underscores the evolving regulatory landscape for digital currencies and serves as a litmus test for future enforcement actions, potentially shaping the future of cryptocurrency compliance.

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To learn more about the ongoing developments in the SEC’s case against Ripple, read here:
Is the SEC’s Case against Ripple Losing Ground?

For insights into Ripple’s significant role in Georgia’s CBDC venture, follow this link:
Ripple Crowned Power Player in Georgia’s CBDC Venture

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.