Attorney John Deaton Teases Big Announcement
John E. Deaton, the lawyer representing over 75,000 XRP token holders in the Ripple Labs vs SEC lawsuit, has hinted at a major announcement coming up. Deaton recently shared three clues about the announcement, which appears to be connected to the XRP Ledger and the Ethereum (ETH) ICO.
Ripple Executives Criticize SEC
Ripple executives, including CEO Brad Garlinghouse, traveled to Washington D.C. to meet with members of Congress regarding proposed cryptocurrency bills. Outside the SEC building, Garlinghouse and chief legal officer Stuart Alderoty expressed their frustration with the SEC and Chair Gary Gensler for disregarding court orders and believing they are above the law.
Despite this ongoing legal battle, XRP’s price currently sits at $0.50, experiencing a 1% decrease in the last 24 hours but a 3% increase over the past week.
Hot Take: Ripple Executives Take a Stand Against SEC’s Actions
Ripple executives have taken a strong stance against the SEC’s handling of their case, criticizing both the regulatory body and its chairman for disregarding court orders. This ongoing battle has captured the attention of many in the crypto community as they eagerly await updates on the outcome. Meanwhile, XRP’s price remains relatively stable despite the legal turmoil surrounding it. As Ripple fights back against the SEC’s allegations, it remains to be seen how this high-profile lawsuit will impact both Ripple and the wider cryptocurrency industry.
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