- John Deaton, pro-XRP lawyer, analyzes settlement possibilities between Ripple and the SEC.
- A positive ruling in Coinbase vs SEC could redefine token sales under U.S. securities laws.
- Ripple’s argument against SEC focuses on the agency’s skewed interpretation of the Howey test.
Amid the legal maelstrom surrounding Ripple and the SEC, John Deaton, a legal advocate for XRP holders, offers a glimmer of hope. He unveils the legal intricacies that could lead Ripple and the SEC toward a settlement. Deaton’s analysis arrives at a pivotal moment—the legal showdown between Coinbase and the SEC.
If the judge dismisses Coinbase’s motion, it could dramatically alter the regulatory landscape for token sales, including XRP. Such a dismissal would weaken the SEC’s ability to appeal, nudging the agency toward a settlement with Ripple. Deaton posits that even if an appeal were plausible, the agency’s clout would wither, making a settlement increasingly favorable.
Ripple, too, has not been idle. In a recent filing, it countered the SEC’s stance, arguing that the agency had deviated from legal norms, especially concerning the Howey test for token sales.
This development comes after a favorable July ruling for Ripple, which has incited many exchanges to contemplate relisting XRP. A settlement between Ripple and the SEC could not only clear the path for XRP but could also influence the broader crypto market, establishing new precedents.
The future looks increasingly promising for Ripple and also Coinbase, should the motion to dismiss be approved. Such a ruling would set new precedents in the crypto space, bringing much-needed clarity and fostering innovation.
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