Crypto Attorney Predicts Ripple’s Chances in Lawsuit

According to the prominent crypto attorney John Deaton, Ripple (XRP) faces only a 3% chance of securing a complete victory in its still going legal battle against the U .S . Securities and Exchange Commission (SEC) . In a recent interview Deaton shared his analysis and said that there is a 25% chance of a favorable verdict for Ripple and a 50% chance of a partial victory .
Deaton believes that XRP itself should not be classified as a security and notes that secondary market sales support this opinion . Even if the court rules against Ripple for violating the law Deaton argues that it would not apply to the secondary market .

Ripple’s Potential Outcomes in the Legal Battle

The SEC has accused Ripple CEO Brad Garlinghouse and co-founder Chris Larsen of selling XRP as an unregistered security in 2020 . Deaton suggests that Ripple’s level of success in the case hinges on whether XRP was indeed sold as an unregistered security at any point in time .
The best case scenario for Ripple would be if the judge determines that the company did not receive sufficient warning even if it sold XRP as an unregistered security before establishing the XRP ecosystem . In a scenario like this the matter would be presented to a jury and potentially lead to a complete victory for Ripple as claimed by Deaton .

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