John Deaton Commends Ripple for Unwavering Stance Against SEC
John Deaton, a vocal advocate for Ripple, believes that Ripple will emerge victorious in its legal battle with the SEC. He praises Ripple for choosing to confront the regulatory body instead of settling, seeing it as a testament to their commitment to resisting regulatory pressures.
- Ripple’s decision to fight the SEC rather than settle demonstrates their refusal to be intimidated.
- Deaton views Ripple’s stance as a bold move that could benefit the entire crypto industry.
- Ripple recently secured a temporary win when XRP was ruled not a security on secondary markets.
- The SEC has been granted permission to file an appeal, but experts like Deaton believe it may not impact the verdict.
- If the verdict is upheld, the XRP price could surge.
What to Expect Now?
While the SEC’s appeal may create uncertainty, experts like Deaton believe it may not impact the verdict. The final decision will be made after the appeals process. If the initial verdict is upheld, the XRP price could experience a significant increase.
XRP Price Analysis
Currently trading at $0.52, a rise to the $0.55 area would indicate that the direction is still down. In that case, prices could potentially increase by 85%.
Hot Take
John Deaton’s support for Ripple’s decision not to settle with the SEC reflects a larger sentiment within the crypto industry. The outcome of this legal battle could have significant implications for the regulatory landscape and the future of cryptocurrencies. Regardless of the final verdict, it is clear that Ripple’s actions have sparked a debate about the power and influence of regulatory bodies in the crypto space.
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