Ripple Vs SEC Lawsuit: Deaton Predicts Settlement Despite Victory

The post Ripple Vs SEC Lawsuit: Deaton Predicts Settlement Despite Victory appeared first on Coinpedia Fintech News

As the highly anticipated summary judgment date of the Ripple vs. SEC lawsuit approaches, rumors of a potential settlement are causing a stir among XRP community members. The case has significant implications for the cryptocurrency industry, making it a hot topic in the crypto world.

The Latest Development

CryptoLaw founder attorney John E. Deaton has added fuel to the fire with a recent legal analysis. His statement that Ripple will settle only if it wins big against SEC has left many seeking clarifications and wondering if the case may be resolved out of court.

Deaton’s Clarification

Deaton clarified that his earlier analysis did not imply that Ripple would agree to the same settlement terms as two years ago. He further elaborated on his previous tweets, posing rhetorical questions to shed more light on the matter.

Firstly, Deaton asked whether crypto exchanges such as Coinbase and Kraken would immediately relist XRP or wait for the SEC’s appeal decision in case the verdict favors Ripple. Secondly, he questioned whether Bank of America would be comfortable with Judge Torres’ verdict or wait to see if the SEC appeals and the decision is overturned.

The Potential Settlement Offer

Deaton noted that if the SEC were to offer Ripple a statement declaring that all future sales of XRP are not securities and agree not to appeal in exchange for a payment of $50 million, the immediate return of liquidity to the U.S. would make it an easy decision for Brad Garlinghouse, the CEO of Ripple. 

However, Deaton stated that the situation would be different if Judge Torres rules in Ripple’s favor, as it would result in the return of liquidity to the U.S. and businesses no longer need to worry about SEC scrutiny when using XRP.

As the Ripple vs. SEC lawsuit unfolds, the potential for a settlement remains on the table. With the case having significant implications for the crypto industry, all eyes are on Ripple and the SEC as the drama continues, with the community watching with bated breath.