John E. Deaton Clears His Name
– Deaton was accused of spreading misinformation about a potential settlement between Ripple and the SEC.
– Deaton clarifies that he never made a direct statement about a settlement and actually predicted there would be no settlement after the release of Hinman’s emails.
– He urges XRP enthusiasts to revisit his CryptoLaw broadcast for a more accurate understanding of his views.
Importance of Hinman’s Emails
– Deaton highlights that he does not have access to confidential information or insights into the ongoing negotiations between Ripple and the SEC.
– He emphasizes the significance of Hinman’s emails to Ripple’s fair notice defense.
Release Date Nears, Speculation Increases
– Speculation of a possible settlement increased as the anticipated release date of June 13, 2023 approached.
– This speculation led to a surge in XRP purchases, driving the price above $0.55.
– However, once the emails were released, XRP experienced a decline, indicating diminishing hopes for a settlement.
Hot Take:
– Throughout the ordeal, Attorney Deaton has consistently believed that a settlement in the Ripple case would only occur once the judge issues her ruling.
– He has debunked rumors surrounding a potential settlement in the SEC v. Ripple lawsuit.
Ripple vs SEC: John E. Deaton Clears Misconceptions about Settlement Speculations
Attorney John E. Deaton has stepped forward to clear misconceptions surrounding his previous prediction and the expectations of XRP holders in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Deaton was accused of spreading misinformation about a potential settlement, but he clarifies that he never made a direct statement about a settlement and actually predicted there would be no settlement after the release of Hinman’s emails. Deaton highlights the significance of Hinman’s emails to Ripple’s fair notice defense, but emphasizes that he does not have access to confidential information or insights into the ongoing negotiations between Ripple and the SEC. As the anticipated release date of June 13, 2023 approached, speculations of a possible settlement arose, leading to a surge in XRP purchases. However, once the emails were released, XRP experienced a decline, indicating diminishing hopes for a settlement. Throughout the ordeal, Deaton has consistently believed that a settlement in the Ripple case would only occur once the judge issues her ruling.
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