Cryptocurrency attorney John E. Deaton suggests that a settlement under $20 million in the Ripple XRP lawsuit against the SEC would be a significant legal victory for Ripple.
The SEC faces another legal setback as the 2nd Circuit ruled that the agency cannot request substantial disgorgement without demonstrating actual financial harm to investors
Prominent cryptocurrency attorney John E. Deaton has provided valuable insights into the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) regarding the status of XRP. Deaton believes that a settlement valued at $20 million or less would be a significant legal victory for Ripple.
In a recent social media post, Deaton strongly refuted the notion that the lawsuit’s outcome was a 50-50 situation for the SEC, asserting that it tilted heavily in Ripple’s favor, with a 90-10 advantage. His perspective was prompted by a post from Stuart Alderoty, Ripple’s Chief Legal Officer, highlighting another leg

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