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SEC vs. Ripple: A Positive Ruling for XRP Will Be a Game Changer
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., the company behind the XRP cryptocurrency, has attracted significant attention in the crypto world. Recently, attorney John Deaton expressed his views on the potential implications of Judge Torres’ ruling in the case. Deaton believes that a positive outcome for XRP could have far-reaching consequences not only for Ripple but also for other digital assets and the entire cryptocurrency market. In this article, we will explore Deaton’s perspective and the reasons behind his assertion.
The Significance of Judge Torres’ Decision
Attorney John Deaton emphasized the increasing significance of Judge Torres’ decision in the SEC vs. Ripple case. According to Deaton, if the ruling goes against XRP, it would only maintain the current state of affairs, providing additional political momentum to individuals like SEC Chair Gary Gensler, Warren Buffett, and Rep. Brad Sherman, who have expressed negative sentiments towards cryptocurrencies.
Positive Ruling: A Catalyst for Other Crypto Assets
Deaton strongly believes that a positive ruling in favor of XRP would be a game changer not just for Ripple but for the…
