Lawyer Explains What Ripple’s Latest Court Win Means For XRP
On June 20, Ripple Labs Inc. scored a pivotal victory in its ongoing legal challenges, specifically in the federal class action suit filed in the Northern District of California. The case (4:18-cv-06753-PJH), presided over by Judge Phyllis J. Hamilton has been closely monitored by the XRP community due to its potential implications for the classification […]
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Following Judge Analisa Torres’s ruling that programmatic XRP sales did not qualify as securities, the SEC filed an interlocutory appeal with the court. This meant that the US Securities and Exchange Commission (SEC) did not agree with the ruling, and while the interlocutory appeal has been approved by the court, pro-XRP lawyer John Deaton has […]
Ripple’s aggressive expansion strategy following its prolonged legal battle with the US Securities and Exchange Commission (SEC) is being interpreted as a decisive bid to regain lost momentum. Pro-XRP attorney John E Deaton, a prominent figure within the XRP community, commented via X, stating, “I agree with Chamath [Palihapitiya]. I also believe Ripple’s $1.25 billion […]
Ripple’s seemingly tidy settlement with the US Securities and Exchange Commission in the XRP lawsuit has hit a procedural wall. During a late-night X livestream on 15 May, attorney John E. Deaton dissected Judge Analisa Torres’s order refusing to “rubber-stamp” a joint motion that would have lifted the injunction on Ripple’s institutional XRP sales and […]