Crypto lawyer and XRP advocate John Deaton has put forward a viewpoint, underlining that either of the U.S. Securities and Exchange Commission’s (SEC) probable routes of action in its case against payment company Ripple could significantly influence the future of the crypto landscape.
Deaton’s assertions shed light on the situation’s complexity and the potential impact of the SEC’s final decision.
Potential SEC Paths: Unique Case Argument Or Acceptance Of Verdict?
According to Deaton, the SEC might opt for one of two directions in the aftermath of the SEC vs. Ripple case. One potential route could involve arguing “facts and circumstances” to present XRP’s case as unique.
I believe this is he biggest and hottest debate at the SEC and I believe there are Senior SEC officials who are split on what to do. Some will say don’t appeal and the SEC can argue “facts and circumstances” and that XRP is a unique story, one not shared by other tokens. If you… https://t.co/mIA64MwZvd
— John E Deaton (@JohnEDeaton1) July 25, 2023
This argument would assert that the circumstances surrounding XRP and Ripple Labs do not apply to other tokens. If the SEC chooses this path and the appeal is unsuccessful, the decision could have far-reaching effects on other jurisdictions.
The crypto lawyer also suggests another possibility where the SEC may not appeal the decision. This scenario could be interpreted a
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Author: Samuel Edyme
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