Ripple (XRP) lawyer John Deaton said the US Securities and Exchange Commission (SEC) victory over cryptocurrency firm LBRY does not mark the end of the XRP lawsuit.
The winning party in the lawsuit between the SEC and LBRY, which was concluded yesterday, was announced as the SEC. Ripple and LBRY Given the similarity between their cases, this development shook the community’s hopes for victory. But on the subject twitter Ripple’s lawyer, who made a statement on the website, does not share the same thoughts. Lawyer John DeatonRipple in XRP lawsuit despite LBRY losing in court and LBC tokens being recognized as securities your chances of winning told.
Deaton’s argument believes that the LBRY case does not set a precedent and that the judge in his case between Ripple and the SEC would not take that outcome into account when deciding. However, the lawyer did not consider Ripple’s chances of winning the case. more than 50% he sees.
As Deaton stated, the different nature of the cases and the arguments of Ripple officials as well as XRP supporters participating in the case may result in a different outcome from the LBRY case.