John Deaton, a prominent lawyer and advocate for XRP, recently shared his thoughts on the ongoing lawsuit between Ripple and the SEC. He mentioned receiving an email related to the case, which initially sparked anticipation but turned out to be the withdrawal of a lawyer. Deaton emphasized that this withdrawal held no significant implications for the case’s outcome.
Deaton also addressed a query about the delivery of summary judgment in the case. He explained that Judge Torres would file it on the public docket, meaning that Ripple, the SEC, and the general public would receive the judgment simultaneously, similar to other rulings in the case.
Deaton discussed the impact of the SEC lawsuit on Ripple and XRP, noting that it had introduced many new users to the digital asset and its CEO, Brad Garlinghouse. He mentioned that over 4 million XRP addresses were affected by the increased attention and awareness.
Highlighting the global reach of XRP, Deaton stressed that there are holders worldwide who might not even be aware of Ripple’s existence. He mentioned a conversation with another lawyer who expressed skepticism about affidavits from individuals who purchased XRP after the lawsuit was filed. Deaton argued that the SEC’s actions are limited to the United States, while XRP addresses are distributed across various countries.
Overall, John Deaton’s insights provide valuable information about the evolving dynamics of the Ripple lawsuit and its impact on Ripple, XRP, and the global community of XRP holders.
Continue reading on Coinpedia.org
By
By
By
By
By