Ripple Vs SEC News: Pro-XRP Lawyer John Deaton Explains The Scenario If Ripple Agrees to Settle With SEC

The post Ripple Vs SEC News: Pro-XRP Lawyer John Deaton Explains The Scenario If Ripple Agrees to Settle With SEC appeared first on Coinpedia Fintech News

Attorney John Deaton took to his Twitter handle on Tuesday and addressed the question of why and how Ripple would settle if they win their ongoing legal battle. Deaton has been a vocal advocate for XRP and has argued that the SEC’s actions have harmed XRP investors and the broader crypto industry. He said that it is important to understand that a settlement doesn’t necessarily mean Ripple would agree to the same terms they would have agreed to two years ago.

He gave an example of a hypothetical situation and said that if the SEC were to issue a statement that all future sales of XRP are not securities in exchange for Ripple agreeing to pay $50M and not appealing the case, it could provide some certainty and clarity around the regulatory status of XRP. 

“Quite a few people ask why would Ripple settle if they won. First, I didn’t say Ripple would agree to the same terms of a settlement they would’ve agreed to 2 years ago. It all depends on the ruling itself. Does Coinbase and Kraken immediately relist or wait for an appeal?”

This would be positive news for Ripple and its investors, as it could help to remove some of the uncertainty and legal risks that have been associated with XRP.  Moreover, the return of liquidity to the US market could provide a boost to XRP’s value and adoption, which could benefit Ripple and its partners, including Bank of America.

“If Judge Torres’ decision is in Ripple’s favor and it facilitates liquidity to return to the U.S. and it causes U.S. businesses to not worry about pissing off the SEC if they use XRP, then that’s a different story.”

Overall, the outcome of the prolonged legal case will likely have significant implications for Ripple’s partners.