Pro-XRP Lawyer Gives Less Than 3% Chance of Outright SEC Victory in Ripple Case
According to Pro-XRP lawyer John Deaton, the likelihood of the United States Securities and Exchange Commission (SEC) achieving a complete victory against Ripple in their ongoing lawsuit is less than 3%. As the case nears its conclusion, Deaton, who is also the founder of CryptoLaw, has consistently supported Ripple in their legal battle against the SEC.
The lawsuit was initiated by the SEC in December 2020, alleging that Ripple’s sale of XRP tokens constituted an unregistered securities offering.
During an episode of The Good Morning Crypto podcast on June 3, Deaton expressed his belief that there is a 25% probability that U.S. District Judge Torres will rule in favor of Ripple outright. Additionally, he assigned a 50% chance of Ripple emerging victorious through a “splitting the baby” ruling, where the judgment is partially favorable to both parties involved.
