Ripple vs SEC: Blockchain Lawyer Predicts Easy Win for Ripple in XRP Case

• Blockchain lawyer John E. Deaton believes that the SEC will not be granted summary judgment on whether Ripple executives engaged in illegal XRP sales.
• Deaton argues that the SEC should have informed Ripple executives that XRP is a security during the three meetings they had.
• The blockchain lawyer believes that the jury will have an easy time deciding against the SEC on this matter.

The legal battle between Ripple and the Securities and Exchange Commission (SEC) over the sale of XRP is heating up. Ripple CEO Brad Garlinghouse recently criticized the SEC for classifying Ethereum as a non-security and Ripple as a security. Now, prominent blockchain lawyer and founder of crypto-laws.us, John E. Deaton, has come to Ripple’s defense and argued that the SEC will not be granted summary judgment on whether Ripple executives engaged in illegal XRP sales.

Deaton believes that the SEC should have informed Ripple executives that XRP is a security during the three meetings they had. In response to a challenge in the comment section that Ripple should have taken advice from its legal team on whether XRP is a security or not, Deaton argued that Ripple had no way of knowing that XRP was a security without the SEC informing them. He believes that this will be a major factor in the jury’s decision, as it will be easy for them to find in favor of Ripple.

Ultimately, Deaton believes that Ripple will eventually win against the SEC in this legal battle. He argued that the SEC should have been more explicit in their warnings to Ripple executives and that the jury will likely find in favor of Ripple based on this fact. As the legal battle between Ripple and the SEC continues, it will be interesting to see if Deaton’s predictions come true.