Ripple is now well on its approach to putting its extended legal battle with the SEC behind it, and a settlement is finally in sight. Prominent lawyer and XRP supporter John E. Deaton recently contributed his two cents, noting how a settlement would be the best case for Ripple. According to the attorney, it is a 99.9% victory if Ripple ends up paying $20 million or less in settlement.

A Lengthy Legal Battle Almost Getting To An End

The legal tussle between the US Securities and Exchange Commission and payment giant Ripple has dragged on for quite a while. The SEC filed a lawsuit against Ripple Labs in 2020, alleging that Ripple’s XRP token is an unregistered security. This shocking lawsuit sent shockwaves through the crypto community and XRP’s price growth remained stunted until the second part of this year. 

Ripple secured partial victory for XRP in court, as the sales of the crypto to retail investors was deemed not to be sales of securities. Although federal Judge Analisa Torres rejected the SEC’s motion to appeal the Ripple ruling, the case is still in court as the category of the early sale of XRP to institutional investors is still yet to be determined. An order on the SEC and Ripple’s request to propose the next steps on the judgement regarding institutional sales of XRP was recently approved.

The consensus among industry experts is that Ripple has won a partial victory with a score of 50-50, and that the next stage will be to reach a settlement. On the other hand, Deaton is of the opinion that the judge ruled “more like 90-10 in Ripple’s favor.” 

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