XRP v. SEC: crypto lawyer says why case outcome has bigger impact than thought RippleXRP XRPArmy XRPCommunity XRP $XRP XRPHolders
Last month, Ripple Ally LBRY.com lost its lawsuit against the SEC, with the court ruling that the cryptocurrency start-up offered unregistered securities in the form of LBRY tokens.
According to Deaton, LBRY's decision was not as big of a deal as some suggested. He believes that District Judge Torres will have a huge impact, both practically and politically.Deaton proposes three scenarios, each with far-reaching consequences. First, if the judge fully agrees with the SEC, then Gary Gensler's"Regulation by Enforcement" campaign will gain credibility and momentum.
In the wake of the FTX collapse, the main media outlets have highlighted that the outcome of the Ripple lawsuit, which the SEC filed in December 2020, may ultimately determine how much of Gensler's agenda is accomplished.
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