Ripple and SEC Case Final Dates Revealed
A lawyer who supports XRP, John E. Deaton, has disclosed the final dates of the Ripple and SEC case. In a recent YouTube video on his official channel, Cryptocurrency Law Television, Deaton shared insights into the upcoming dates and what might occur during the hearing.
According to the remedies and discoveries filing, the court has ordered both parties, namely the United States SEC and Ripple, to conclude all remedies-related discovery by February 12, 2024. By March 13, 2024, the United States SEC is mandated to file its brief regarding the remedies, and Ripple, the defendant, would be allowed to file its opposition by April 12, 2024. In the end, by April 29, 2024, the United States SEC is expected to file its response to the defendant’s opposition.
Deaton Predicts Reduced Damages
In his recent YouTube video, Deaton made predictions about the Ripple and United States SEC lawsuit. According to the pro-XRP lawyer, Ripple may end up paying less in damages than its attorney expenses. Deaton has based his predictions on his insights and deductions of the $770 Million disgorgement fine announced by the United States SEC to Ripple. He mentioned plenty of elements in the case that could greatly reduce the initial charge.
He likewise stated that the case between the United States SEC and Ripple was not a fraud case, and the regulatory agency would be mandated to provide documents related to the victims allegedly harmed by XRP sales.
Hot Take: Deaton’s Insights Into the Ripple and SEC Case
Deaton’s insights provide an interesting perspective on the upcoming final dates of the Ripple and SEC case and his predictions for the outcome. His analysis of the capacity damages Ripple may face and the factors that could reduce the initial charges offers valuable insight into the complexities of the lawsuit. His focus on the forthcoming dates and the capacity impact on both Ripple and the SEC sheds light on the significance of these developments for the cryptocurrency community, particularly XRP investors.
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