Ripple vs. SEC: XRP Lawyer John Deaton Gears Up To Share Exclusive Insights

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XRP Lawyer John Deaton Gears Up To Share Exclusive Insights – Crypto News

Published

1 year ago

January 30, 2024

Dripp

The seemingly never-ending Ripple vs. SEC court battle has recently witnessed several twists. Last week, Ripple gave a strong reply to the SEC’s accusations of “factual mischaracterization,” further escalating the hype around the controversy. Amid the legal quandary, Ripple’s Lawyer, John Deaton, has stepped up to share key insights on the case along with other relevant information.

Details About John Deaton’s Live Talk

In an upcoming broadcast on CryptoLawTV, a news portal for U.S. regulatory updates centering on digital assets, John Deaton will provide a comprehensive update on the future implications for XRP holders. Furthermore, focusing on the Ripple vs. SEC case, Deaton will delve into key developments around the legal proceedings.

The live stream featuring Deaton is scheduled to air at 3 p.m. ET (8 p.m. UTC) on Tuesday, January 30. It can be accessed on various platforms, including X Live at the handle, CryptoLawUS. In addition, you can also be a part of the stream via the CryptoLawTV channel on YouTube and CryptoLawTV on Odysee, a Google-owned video streaming platform.

Furthermore, it’s essential to note that supporters of Ripple’s XRP are eagerly awaiting to participate in the event. They are aiming to gain a clearer understanding of the legal landscape surrounding their holdings. Moreover, the broadcast is expected to be an essential resource for those keeping track of the ongoing regulatory challenges in the crypto space. In addition, Deaton is expected to reveal significant insights on the amicus brief related to the SEC vs. Ripple case.

Also Read: Ripple Should Have XRP Futures ETF Before Launching a Spot ETF, Says Analyst

Ripple Fires Back At SEC

On January 25, Ripple offered a letter to District Magistrate Judge Sarah Netburn. It sought to correct factual mischaracterizations in the SEC’s reply to its motion to compel. Ripple emphasized the importance of a sur-reply to clarify disputes for an accurate court ruling. The company stated, “The court would largely benefit from the sur-reply as it will clarify the issues in dispute.”

Addressing a significant misstatement, Ripple refuted the SEC’s claim that it “does not … argue that it would be burdened in producing” post-complaint contracts. Moreover, Ripple noted, “SEC’s request is ‘overly burdensome’ and would require a complete new trial.” Hence, the corrective letter aimed to rectify crucial misstatements in the ongoing legal proceedings.

Also Read: XRP Whale Offloads 27 Mln Tokens to Bitstamp, Will XRP Price Drop Below $0.50?