John Deaton, lawyer representing thousands of XRP investors in the Ripple lawsuit, outlines three potential outcomes following Gary Gensler's resignation as SEC chairman: continuing the appeal, settling with a $125 million fine, or full dismissal (unlikely). Deaton believes a decisive victory for Ripple is imminent, citing Trump's pro-crypto stance and policy changes.
John Deaton sees three possible outcomes for the Ripple case after Gensler ’s resignation: continuing the appeal, settling with a $125M fine, or a full dismissal – though the last one is unlikely.
Trump’s positive crypto stance and recent policy moves could improve Ripple’s chances, with Deaton believing a decisive victory for the company is just a matter of time.Gary Gensler’s tenure at the US Securities and Exchange Commission might be over, but the lawsuit against Ripple remains ongoing. The former Chairman“The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm.
The XRP Army has interpreted the changes as a positive factor that could lead to a faster and potentially favorable resolution in the Ripple case. Most recently, John Deaton alsoThe third scenario seems like the most favorable for Ripple. According to Deaton, this includes the SEC withdrawing its appeal and scrapping the firm’s $125 million fine.
“I don’t see the SEC saying: “No, we’re going to deny a judge’s ruling.” So that’s why I think the middle one is the option.”Despite not outlining when the case might be officially over, Deaton believes Ripple’s victory is just a matter of time. He based his thesis on the fact that the current President of the USA – Donald Trump – has completely changed his stance on the digital asset sector, planning to make the country the crypto capital of the world.
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