Ripple's Legal Troubles Could Last for Years: XRP Community Lawyer Raises Concerns

Ripple's Legal Troubles Could Last for Years: XRP Community Lawyer Raises Concerns

Title: Ripple vs. Sec: Lawyer warns of legal consequences for XRP investors

The legal disputes between Ripple and the US security supervisory authority Securities and Exchange Commission (SEC) could mean years of financial uncertainty for XRP investors, warns the XRP community, John Deaton. However, Deaton also predicts that Ripple will win the case in front of the Supreme Court if he accepts the appeal.

In particular, Deaton emphasizes that Ripple will appeal if the SEC wins the legal dispute, and that this could lead to no money has been collected for years. Even in the worst scenario, in which Ripple loses all appeals, the SEC would collect the money and set up a repayment fund for XRP owners, similar to in the VeritaSeum case, in which a similar offense was determined.

The Veritasum case also dealt with the sale of non -registered securities offers in the cryptocurrency industry. After completing the case, a fair find was set up, which enabled investors to apply for reimbursement of their investment. This development could now serve as a precedent and show how the SEC could proceed in the Ripple case if XRP is classified as securities.

DEATON also points out that the inclusion in the "75K list" of the XRP owners is a good way to identify a potential "intervener" class of more than 75,000 XRP in fronters. By adding to this list, you have the option of applying for a refund or other relief if the case leads to a comparison or judgment that influences the value of XRP.

DEATON advises the XRP investors to ignore those who claim that admission to the list and adherence to the view that XRP is not a security is a bad decision. It is optimistic and believes that the SEC lawsuit may not lead to anything and that the SEC will offer the best option in the event of a successful lawsuit-"ironically".

Overall, Deaton shows that Ripple and XRP investors have a lengthy and legally complex process. It remains to be seen how the case will be decided in court and what consequences this will have for the future of Ripple and the XRP investors.