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XRP vs SEC Legal Battle to Settle After Judge Torres Decision: Lawyer

Crypto lawyer John Deaton recently predicted the ongoing legal battle between the Ripple blockchain (XRP) and the US Securities and Exchange Commission (SEC).

XRP logo
XRP logo

He stated that the case would only settle after a decision from Judge Analisa Torres.

Exchange to be Sued for Selling Unregistered Securities: Lawyer

Deaton also predicted that an exchange would be sued for selling unregistered securities, like in the case of XRP vs. SEC. He added that the current chairman of the SEC, Gary Gensler, would resign before 2023 ends.

Lawyer Criticizes Gensler's Stance on Ethereum as a Security

In a tweet earlier this week, Deaton criticized Gensler for saying the Ethereum network token ETH could be considered a security contract under the Howey test. However, Deaton argued that staking involves third parties independent of the investment promoter.

After Ripple filed a 65-page reply to the SEC’s opposition last month, its General Counsel, Stuart Alderoty, declared that the filing marked the ultimate submission in the legal battle. Therefore, what remained was the final ruling from the court favoring Ripple.