The legal battle between Ripple and the SEC has been ongoing for over two years, leaving the final ruling from Judge Analisa Torres eagerly anticipated. However, the timing of the ruling remains uncertain, adding to the suspense surrounding the case. Ripple’s lawsuit has had a significant impact on its cryptocurrency, XRP, directly influencing its price and causing repercussions for associated businesses in the long term.
Amidst this legal battle, attorney John Deaton, a strong advocate for XRP, has expressed his intention to invest in one of the Amicus Curiae briefs in support of XRP in the lawsuit. Deaton recently discovered SpendTheBits, an application on the XRP Ledger (XRPL) developed without funding from Ripple. He believes that SpendTheBits can potentially dismantle the SEC’s argument and sees it as a significant player in the future.
With the amicus brief filed by SpendTheBits being granted by Judge Analisa Torres, it challenges the SEC’s argument and exposes a flaw in their case. Deaton’s intention to invest in and support SpendTheBits further enhances its future potential.
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