XRP Lawsuit: SEC’s course of action will have this effect
Many investors hoping for a speedy resolution in the SEC vs Ripple Labs lawsuit were disappointed as the court granted the SEC’s request to push the discovery deadline to 14 January 2022.
One such disappointed individual was John Deaton – Counsel for Amici Curiae – or “friends of the court” – who was representing thousands of XRP holders.
On the Paul Barron Network, the crypto lawyer spoke about the lawsuit and speculated on what might take place.
While winning and losing the lawsuit seem like clear-cut results, a settlement comes with its own implications.
Deaton claimed,
“…if the judge finds that XRP is not a security, that the SEC did not give fair and adequate notice to the market – if they actually get a ruling and win, that’s going to stop
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