Jump to content

Lawyer Representing XRP Investors Predicts SEC’s Next Move as XRP Targets $0.9


Recommended Posts

As the case between Ripple, the San Francisco-based cross-border payment firm, and the United States Security and Exchange Commission (SEC) advances, several XRP community members have been pondering on where the lawsuit could be heading.

John Deaton, the founder of CryptoLaw, who is the lawyer representing the teeming members of the XRP community, shared a number of possibilities to calm the agitating XRP holders. First, he explained that the regulatory agency is likely to make two potential moves.

From the new evidence, there’s an inclusion of the email thread and deposition notice of Brad Garlinghouse, Ripple CEO. Also, the evidence contains the line of Chris Larsen, a Ripple executive.

As suggested by Deaton, it would be impossible to prove that there’s a connection between Ripple’s public announcements and XRP price action.

The lawyer also noted that the SEC would have to confirm the sale of XRP tokens by the Ripple CEO, Brad Garlinghouse, and the co-founder Chris Larsen, in the United States.

Additionally, Deaton stated that the SEC could use the claim that Ripple was creating a secondary market for XRP as their alternative approach once they fail to establish that the two Ripple executives are selling XRP in the country.


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...