Ripple (XRP) with US Securities and Exchange Commission (SEC) It remains a matter of curiosity which side will win in the lawsuit that has been going on for about 1.5 years.
Ripple-SEC lawyer representing XRP holders in his case John Deatonshared on his Twitter account about who can win the case.
“Both SEC and Ripple Can Win!”
Recent developments in the case Ripple Although it seems in his favor, John Deaton said that both Ripple and the SEC are likely to win.
“Both Ripple and the SEC can win or lose the case. I see many assertive comments that Ripple will not lose the case. However, I don’t think this is true.
If we look at the issue technically and legally, it seems possible for both sides to win.”
“Both Parties Have to Agree!”
The famous lawyer, who also shared the possible scenario in which both sides could win, said that both the SEC and Ripple had to agree on some indisputable facts.
Deaton argued that the parties’ agreement would prevent the case from being decided by the court.
“Ripple and the SEC have to agree on some indisputable facts. The agreement may prevent the case from being decided by a jury. If the parties cannot agree, the jury decides the facts.”
Finally, the XRP lawyer, who gives an example of possible agreements that can be made, said that the SEC of Ripple 1 billion dollars to an investor at $0.05 each and a total value of $25 million XRP He said he could agree to sell it.
“If the parties reach such an agreement, the court can use the Howey test to decide that the investor bought XRP with the expectation of making a profit. This agreement ensures that the sale is considered an investment agreement. And that would be a win for the SEC.
If the court applies the same factors to Ripple as it did for the SEC and decides that the ongoing XRP sales by Ripple are not securities, then Ripple wins.”
RIPPLE AND THE SEC CAN BOTH WIN.
Now that we have arrived at summary judgment time, I see a lot of comments on how @Ripple can’t lose at all. not true.
Its possible that both sides win – technically and legally speaking, that is.
— John E Deaton (@JohnEDeaton1) April 18, 2022