In a recent update on the SEC vs. Ripple lawsuit, renowned advocate John Deaton has offered an optimistic outlook for the approximately 75,000 XRP investors he represents. Known for his valuable insights into the case, Deaton foresees a period of stability lasting from two to five years following a potential SEC victory. However, he firmly believes Ripple will file an appeal with the Supreme Court, ultimately emerging triumphant.
Despite the potential delay in funds recovery if Ripple loses its appeal to the SEC, Deaton asserts that it could take years before substantial restitution occurs. Nevertheless, he confidently predicts that Ripple will prevail should the Supreme Court choose to review the matter. Conversely, if the SEC succeeds in their appeal, the current status quo will persist for another two to five years.
To aid in the effective location of XRP holders, being included in the top 75,000 list becomes crucial. Importantly, joining this list does not compromise legal protections or hinder the possibility of financial compensation. Deaton highlights that inclusion on the list preserves all rights while facilitating the discovery of future claims.
Deaton’s expert opinion strongly favours Ripple in the current Supreme Court landscape. However, in the event of an SEC victory, he anticipates that Ripple will undoubtedly pursue an appeal, prolonging the status quo for at least the next two to five years.
Furthermore, suppose the SEC prevails, and the civil case attorneys secure a win by adopting Judge Torres’ order in California. In that case, Ripple will challenge both rulings, extending the legal process by several years.
It is worth emphasizing that if a trial court and the Court of Appeals disagreed with Deaton’s assessment of an asset’s security classification, he would not face legal repercussions for any inaccuracies.
In the unlikely scenario that the SEC or a civil case compels XRP holders to sell their shares to Ripple, Deaton firmly dismisses that being on the list would preclude them from doing so. He asserts that such beliefs are rooted in a fantasy world.
John Deaton’s insights provide hope for XRP investors, ensuring their rights and interests remain protected. While the path ahead may present hurdles, Deaton’s unwavering optimism and belief in Ripple’s ultimate success serve as a source of encouragement for the XRP community.