Ripple faces slim odds of $770M disgorgement — XRP holders attorney By Cointelegraph
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Lawyer John Deaton, who is representing XRP (XRP) holders, has made a persuasive case in the United States Securities and Exchange Commission (SEC) vs. legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment.
Deaton underscored the significance of the U.S. Supreme Court’s Morrison ruling, which effectively limits the SEC’s jurisdiction to sales within the United States. This gains relevance as Ripple’s XRP sales in the United Kingdom, Japan, Switzerland and other jurisdictions face scrutiny. Additionally, the legal standing of XRP in these jurisdictions bolsters Ripple’s stance.
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© Reuters.
Lawyer John Deaton, who is representing XRP (XRP) holders, has made a persuasive case in the United States Securities and Exchange Commission (SEC) vs. legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment.
Deaton underscored the significance of the U.S. Supreme Court’s Morrison ruling, which effectively limits the SEC’s jurisdiction to sales within the United States. This gains relevance as Ripple’s XRP sales in the United Kingdom, Japan, Switzerland and other jurisdictions face scrutiny. Additionally, the legal standing of XRP in these jurisdictions bolsters Ripple’s stance.
Continue Reading on Cointelegraph
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