John Deaton, a prominent crypto lawyer and founder of Crypto Law, has shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to Deaton, a settlement of $20 million or less in the lawsuit would be a 99.9% legal victory for Ripple. He argues that those who claim the SEC had a 50-50 victory are mistaken, as he believes the case is more like 90-10 in Ripple’s favor. Deaton’s comment was prompted by a tweet from Ripple’s chief legal officer, Stuart Alderoty, highlighting another legal loss for the SEC. The U.S. Court of Appeals for the Second Circuit ruled that the SEC cannot request a disgorgement award without proving financial harm to XRP investors. This ruling follows a previous verdict by Judge Analisa Torres, who ruled that secondary sales of XRP were not securities or investment contracts. While this ruling was a victory for Ripple, the judge also upheld the SEC’s claims of roughly $770 million from institutional XRP sales. Deaton’s stance aligns with the belief of many in the crypto community who see the proposed $20 million settlement as a favorable resolution for Ripple. However, he still maintains that the SEC’s actions have caused damages to the firm and hindered the potential mass adoption of XRP.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Stuart Alderoty, Judge Analisa Torres, John Deaton
Companies	U.S. Court of Appeals for the Second Circuit, Ripple Labs, U.S. Securities and Exchange Commission (SEC), Crypto Law
Currencies	XRP
Securities	None