XRP Hits 3-Month High as Attorney Predicts 99.9% Win in SEC Lawsuit
XRP is surging, reaching a 3-month high as optimism grows surrounding the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Fueling this bullish sentiment is a bold prediction from attorney John Deaton.
John Deaton Predicts Near-Certain Ripple Victory
John Deaton, the attorney representing XRP holders, has put forward a compelling argument that could potentially result in a 99.9% legal victory for Ripple. This prediction has sent ripples through the XRP community, driving increased buying pressure and contributing to the recent price surge. Deaton's analysis focuses on the nuances of the case and weaknesses in the SEC's arguments.
SEC Appeal: A Looming Hurdle?
The U.S. Securities and Exchange Commission (SEC) has filed its opening brief in an ongoing appeal against Ripple Labs, seeking to overturn a crucial legal victory for... Ripple. This appeal aims to challenge the previous ruling that XRP is not necessarily a security, depending on how it is sold. The SEC is arguing that it shouldn't be required to prove direct knowledge of Ripple's promotional efforts among XRP buyers.
🚀🚀XRP Reaches 3-Month High Amid Optimism
😱🚀🚀XRP Reaches 3-Month High as Lawyer Predicts 99.9% Win in SEC Case. John Deaton, the lawyer representing the XRP owners, has put forward a convincing argument that could... secure a favorable outcome for Ripple. This surge in price reflects the market's growing confidence in Ripple's chances of ultimately defeating the SEC's claims.
Pro-XRP Lawyer Downplays SEC's Chances
Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and Exchange Commission to score an outright win against Ripple, as an... independent legal analysis suggests. This stark assessment further bolsters the positive outlook surrounding XRP.
SEC Focuses on XRP Buyer Awareness
The SEC is urging the appellate court to rule that it does not need to prove that XRP buyers were aware of Ripple’s promotional efforts to boost the price of XRP. To... win their appeal, they aim to demonstrate that XRP sales constituted unregistered securities offerings, regardless of individual investor knowledge. However, this strategy faces significant legal challenges and has been met with skepticism by legal experts.