XRP SEC Appeal: John Deaton Predicts a Bright Future for Ripple After Legal Victory

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SEC Appeal and Ripple IPO: Deaton's Predictions for the Future of XRP

As the U.S. Securities and Exchange Commission (SEC) plans to appeal the ruling in the Ripple and XRP case, XRP has once again become the focus of attention for investors and the cryptocurrency community. According to the court's timeline, the SEC must submit a brief regarding the appeal by January 15, 2025, and the future direction of XRP will be directly influenced by the outcome of this case.

Prominent lawyer and XRP advocate John E. Deaton recently outlined his views on the future development of Ripple, particularly regarding the prediction that Ripple may initiate an initial public offering (IPO) by the end of 2025 or early 2026. Deaton believes that if Paul Atkins is appointed as SEC chairman and pushes to withdraw the current appeal, Ripple will be able to focus on future growth and ultimately complete its IPO, thereby making significant strides in the cryptocurrency industry.

The Likelihood of SEC Appeal Failure and Deaton's Views

Deaton detailed several reasons why he believes the SEC's appeal is doomed to fail:

Ruling Not Binding on Other Cases: Deaton emphasized that Judge Torres' ruling does not have universal applicability; it does not broadly apply to the sale of all cryptocurrencies. The ruling specifically addresses whether Ripple's secondary market sales of XRP constitute securities transactions, concluding that the SEC failed to prove that XRP sales in the secondary market fall within the scope of the Howey Test (the standard for securities under U.S. law).

Case Might Return to Judge Torres: Even if the SEC's appeal is successful, the case may still be re-submitted to Judge Torres. Deaton believes the judge may issue a ruling unfavorable to the SEC for other reasons, thereby continuing to support Ripple.

Risks of the Supreme Court: If the case ultimately reaches the U.S. Supreme Court, Deaton points out that the SEC may face greater legal risks. The Supreme Court could establish precedents favorable to the cryptocurrency industry, further weakening the SEC's dominance in regulating crypto assets.

Ripple IPO and Regulatory Clarity in the Crypto Industry

A key prediction from Deaton is that if Ripple can successfully resolve its legal disputes with the SEC, the company will be able to focus on launching its IPO, which would have profound implications for Ripple itself and the entire crypto industry:

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