šØ BREAKING: #Ripple vs SEC lawsuit - The Final Verdict is IN? š„
Massive Bull Run for #XRP incoming? š
1ļøā£ #Ripple vs. SEC Lawsuit:
š Ripple has been in a legal battle with the U.S. SEC since December 2020.
š The SEC accused Ripple of conducting an unregistered securities offering by selling its native cryptocurrency, #XRP.
2ļøā£ #Crypto Lawyer's Perspective:
š Prominent crypto attorney John Deaton believes that a settlement of $20 million or less in this lawsuit would be a significant legal victory for Ripple.
3ļøā£ Legal Advantage for #Ripple:
š Deaton argues that the SEC's case is not a 50/50 situation but more like a 90/10 advantage in favor of Ripple.
š This perspective aligns with the sentiment in the #crypto community, which sees a $20 million settlement as a positive outcome for Ripple.
4ļøā£ Recent SEC Setbacks:
š #Ripple's Chief Legal Officer, Stuart Alderoty, pointed out that the SEC has faced recent legal defeats in other cases, indicating a challenging time for the SEC.
5ļøā£ Disgorgement and #XRP's Status:
š Lawyers are discussing the matter of disgorgement (return of ill-gotten gains) in this case.
š They note that the amount sought by the SEC, around $770 million, might not be the final outcome, considering various legal arguments.
6ļøā£ #XRP's Price and Sentiment:
š Speculation about the lawsuit's outcome has influenced XRP's price, with some positive gains observed.
š The #crypto community is closely watching developments in the case.
šØ BREAKING: #Ripple vs SEC lawsuit - The Final Verdict is IN? š„
Massive Bull Run for #XRP incoming? š
1ļøā£ #Ripple vs. SEC Lawsuit:
š Ripple has been in a legal battle with the U.S. SEC since December 2020.
š The SEC accused Ripple of conducting an unregistered securities offering by selling its native cryptocurrency, #XRP.
2ļøā£ #Crypto Lawyer's Perspective:
š Prominent crypto attorney John Deaton believes that a settlement of $20 million or less in this lawsuit would be a significant legal victory for Ripple.
3ļøā£ Legal Advantage for #Ripple:
š Deaton argues that the SEC's case is not a 50/50 situation but more like a 90/10 advantage in favor of Ripple.
š This perspective aligns with the sentiment in the #crypto community, which sees a $20 million settlement as a positive outcome for Ripple.
4ļøā£ Recent SEC Setbacks:
š #Ripple's Chief Legal Officer, Stuart Alderoty, pointed out that the SEC has faced recent legal defeats in other cases, indicating a challenging time for the SEC.
5ļøā£ Disgorgement and #XRP's Status:
š Lawyers are discussing the matter of disgorgement (return of ill-gotten gains) in this case.
š They note that the amount sought by the SEC, around $770 million, might not be the final outcome, considering various legal arguments.
6ļøā£ #XRP's Price and Sentiment:
š Speculation about the lawsuit's outcome has influenced XRP's price, with some positive gains observed.
š The #crypto community is closely watching developments in the case.