CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Pro-XRP Lawyer Speculates on Ripple-SEC Legal Battle and Potential Impact on XRP Holders

08.07.2023
A A
0
120
VIEWS
ShareShare

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has garnered attention from pro-XRP lawyer John Deaton. Deaton recently shared his perspective on the potential outcomes of the case and their implications for XRP holders.

According to Deaton, if Ripple loses to the SEC, the collection of funds may face significant delays. Only if Ripple decides to appeal the decision and subsequently loses on appeal would any monetary recovery become possible, potentially taking several years. However, Deaton believes that if the Supreme Court decides to take on the appeal, which he expects if Congress fails to act by then, Ripple would likely emerge victorious.

Deaton draws parallels between the Ripple case and the Veritaseum case, both involving allegations of unregistered securities offerings in the cryptocurrency industry. In the Veritaseum case, the SEC accused Veritaseum and its founder, Reginald Middleton, of conducting an unregistered initial coin offering (ICO) that raised approximately $14.8 million. The SEC established a Fair Fund after concluding the Veritaseum case, enabling affected investors to seek refunds for their investments.

This development could serve as a precedent for how the SEC might handle the Ripple case if it successfully demonstrates that XRP constitutes a security. Similarly, the SEC may establish a Fair Fund to compensate investors who purchased XRP during the alleged unregistered securities offering.

Deaton also stresses the importance of being on the “75K list,” a compilation of over 75,000 XRP holders named as potential “intervenors.” Being on this list allows XRP holders to seek potential reimbursement or relief if the SEC’s case against Ripple results in a judgment or settlement that impacts the value of XRP. Individuals joining the list indicate their belief that XRP is not a security and express their desire to participate in relevant proceedings.

Addressing critics who argue against joining the 75K list and claiming that arguing XRP isn’t security may be detrimental, Deaton advises ignoring such opinions. He believes that if there is ever a monetary recovery for XRP holders, being on the list would likely lead to the best option.

In conclusion, Deaton provides insights into the Ripple-SEC legal battle and its potential consequences for XRP holders. He suggests that the civil case may yield little results, with the SEC having the most excellent chance of collecting funds and offering the most favorable outcome. Additionally, Deaton speculates that if Ripple loses and Congress addresses the regulatory challenges during the appeals process, the entire issue may ultimately dissipate.

The post Pro-XRP Lawyer Speculates on Ripple-SEC Legal Battle and Potential Impact on XRP Holders appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Binance Faces Key Executive Departures Amidst Evolving Crypto Landscape

Binance Faces Key Executive Departures Amidst Evolving Crypto Landscape

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

China to Undertake Blockchain Expertise for Nationwide Knowledge Infrastructure by 2029

China to Undertake Blockchain Expertise for Nationwide Knowledge Infrastructure by 2029

7 months ago
Is Dogecoin Running Out of Time? DOGE Price Prediction Warns of 6 Red Months

Is Dogecoin Running Out of Time? DOGE Price Prediction Warns of 6 Red Months

2 months ago
Rising Crypto Tide in the Heartland: Coinbase Eyes Ohio for U.S. Blockchain Expansion

Rising Crypto Tide in the Heartland: Coinbase Eyes Ohio for U.S. Blockchain Expansion

2 years ago
3 steps crypto investors can take to avoid hacks by the Lazarus Group

3 steps crypto investors can take to avoid hacks by the Lazarus Group

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bolivia and El Salvador Collaborate in Digital Asset Sector

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Will Siton’s DOGE Surpass XRP in the Future? Siton Mining Launches DOGE-Exclusive Contracts, Unlocking Daily Passive Income

Why Is Crypto Up Today? – July 31, 2025

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

Trending

JPMorgan Integrates Crypto Into Traditional Banking Services
All news

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
0

JPMorgan partnered with Coinbase in what could potentially become the largest step toward integrating cryptocurrencies into the...

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bitcoin difficulty predicted to fall 5% as hashrate dips

Bitcoin difficulty predicted to fall 5% as hashrate dips

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz