Ripple faces slim odds of $770M disgorgement — XRP holders lawyer

Lawyer John Deaton, who’s representing XRP (XRP) holders, has made a persuasive case in the US Securities and Trade Fee (SEC) vs. authorized saga, suggesting that the anticipated $770 million disgorgement for Ripple is unbelievable. He grounds his prediction on varied influential components that would sway the court docket’s judgment.

Deaton underscored the importance of the U.S. Supreme Courtroom’s Morrison ruling, which successfully limits the SEC’s jurisdiction to gross sales inside the US. This features relevance as Ripple’s XRP gross sales in the UK, Japan, Switzerland and different jurisdictions face scrutiny. Moreover, the authorized standing of XRP in these jurisdictions bolsters Ripple’s stance.

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