J.W. Verret has outlined in an interview with John E. Deaton why XRP holders should hope for a “thin victory” for Ripple against the U.S. Securities and Exchange Commission (SEC). The former member of the SEC’s Investor Advisory Committee and an associate law professor at George Mason University in securities law also explained that the agency is likely surprised by the uphill battle with Ripple.
Verret shared his views in a CryptoLaw live stream, in which Deaton also asked his counterpart why the SEC chose Ripple in particular, despite it being one of the best-funded companies in the crypto industry. CEO Brad Garlinghouse once said that when the final word is spoken, Ripple will likely spend $100 million in legal fees.
The former SEC advisor responded that the agency underestimated the fight and probably expected a settlement. However, considering the way things have gone, this is a far-off prediction, he said.
I don’t think they saw that coming and I think they probably expec
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