Insights from John Deaton on Ripple vs SEC Lawsuit
Key Points:
– Ripple may not collect any money for years if they lose to the SEC, and only if they lose on appeal.
– If the Supreme Court takes on the appeal, Ripple is likely to win.
– If the SEC wins, Ripple would appeal, leading to a prolonged legal process.
– After losing the case, Ripple would be subject to a $1.3 billion penalty collected by the SEC.
– Being on the 75K list of XRP holders helps identify potential claims and assert rights.
Hot Take:
John Deaton’s insights suggest that the outcome of the Ripple vs SEC lawsuit remains uncertain. However, if Ripple loses and fails on appeal, it could be years before any funds are collected. On the other hand, if the case reaches the Supreme Court, Ripple is likely to come out as the winner. Being on the 75K list of XRP holders provides advantages in identifying potential claims and asserting rights. Ultimately, the lawsuit’s final ruling will have significant implications for XRP holders and the future of Ripple.
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