Following the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) regarding the classification of Ripple’s XRP token as a security, there is a high possibility of a settlement between Ripple and the SEC and the views of prominent lawyer and XRP supporter John E. Deaton.
XRP market cap currently at $34.542 billion. Chart: TradingView.com
Deaton believes that if Ripple ends up paying $20 million or less in settlement, it would be a 99.9% legal victory for Ripple. The article also mentions that Ripple has already secured a partial victory in court regarding the sales of XRP to retail investors.
The next step in the case is to determine the classification of early sales of XRP to institutional investors. The article emphasizes that the outcome of this legal battle will have significant implications for the crypto industry as it will provide clarity on how the SEC determines if a digital asset qualifies as a security.
Source: BITCOINST
