Pro-XRP lawyer John Deaton asserts that the SEC would likely lose if it challenges XRP's status as a non-security. This statement comes amid an ongoing legal battle between Ripple and the SEC, which has significant implications for XRP's price.
The appeals process is anticipated to be lengthy and complex, with both Ripple and the SEC gearing up for detailed legal arguments. Eleanor Terrett, a Fox Business journalist, has shared insights from Stuart Alderoty, Ripple's Chief Legal Officer, highlighting the strategic preparations underway.
This legal entanglement could bear heavily on the future of XRP, with market observers closely watching the developments. The outcome of this case could set a critical precedent for other cryptocurrencies facing similar regulatory scrutiny.
