The legal tussle between Ripple and the U.S. Securities and Exchange Commission (SEC) has entered a crucial phase, with recent developments suggesting a complex interplay between various high-profile cases in the crypto industry. Attorney John Deaton, a notable figure in crypto law, shared his insights on the Ripple case in a recent interview on Thinking Crypto.
Deaton’s perspective highlights the SEC’s firm stance against Ripple and its reluctance to settle, especially given the broader context of the commission’s approach towards other cryptocurrencies like ADA, SOL, and MATIC.
In June, the SEC classified these cryptocurrencies as securities in its lawsuit against Coinbase, alleging the exchange operated without proper registration and facilitated trading in assets it considered investment contracts. This development has significant implications for Ripple, especially after a federal court in New York ruled in July that XRP is not a security and that Ripple’s sales and distri
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