Pro-XRP lawyer John Deaton comments on the lengthy legal problems of Ripple: Hope by calling at the Supreme Court
Pro-XRP lawyer John Deaton comments on the lengthy legal problems of Ripple: Hope by calling at the Supreme Court
Title: Pro-XRP lawyer John Deaton comments on the lengthy legal problems of Ripple
subtitle: Ripple could not collect money for years, but could win if the Supreme Court accepts the appeal
Date: [Date] Author: [Author]
Introduction:
John Deaton, a lawyer who represents the interests of XRP investors, made some important statements about the ongoing legal dispute between Ripple and the US stock exchange supervision SEC. Deaton believes that Ripple's legal problems could last for years if the SEC wins the legal dispute. However, there is hope that Ripple can bring the case in front of the Supreme Court and is successful there. In this case, the effects on ripple could be significantly lower.
main part:
1. The view of John Deaton:
John Deaton believes that Ripple is not allowed to collect money for years if the SEC wins the legal dispute and Ripple is unsuccessful in the appeal. He warns of a lengthy process that would continue the current legal problems.
2. Effects on Ripple:
Should Ripple bring the case to the Supreme Court and win it, there would be good prospects for the company. Deaton is convinced that Ripple would undoubtedly win in such a scenario. The decision of the Supreme Court could create a precedent and steer the case in the right direction.
3. Comparison with the Veritasum case:
The case of VeritaSeum and the persistent legal dispute from Ripple have some similarities. Both cases revolve around the accusation of non -registered securities offers in the cryptocurrency industry. Deaton refers to the fair find that the SEC set up after the VeritaSeum case to distribute funds to damaged investors. This development could also play a role in the Ripple case.
4. XRP holder and the 75K list:
Deaton emphasizes the importance of the "75k list", a list of over 75,000 XRP owners, which are mentioned as a potential "intervener". He recommends that the XRP owners to be entered in the list, as this could increase their chances of any reimbursements or relief.
5. The future of Ripple:
Deaton is skeptical that the current civil procedure will lead to a solution. If the SEC wins, ironically, it would collect the most money and offer the best option. Even if Ripple loses and the congress clarifies the regulatory mess, it could be too late.
FAZIT:
The Pro-XRP lawyer John Deaton comments on the lengthy legal problems of Ripple in the legal dispute with the Sec. He sees the possibility that Ripple cannot collect money for years if the SEC wins the case. Nevertheless, there is hope that Ripple will bring the case in front of the Supreme Court and is successful. Developments in the Veritasum case could play a role. XRP holders should consider the "75K list" in order to obtain potential reimbursements or relief. Deaton sees the future of Ripple skeptically and warns of a lengthy legal dispute that could bring little progress.
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