“No Settlement in Sight” for SEC vs. Ripple Case, Says John Deaton
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- John Deaton offers insights into the SEC’s push for financial disclosures.
- Ripple’s defense hinges on demonstrating exemptions to institutional sales.
- Deaton suggests no immediate prospects of settlement, signaling continued litigation ahead.
In a recent live podcast, John Deaton, a prominent lawyer advocating for XRP holders, provided insights into the ongoing SEC vs. Ripple lawsuit as it advances into the remedy stage. He clarified the recent legal filings that have surfaced from both sides in recent days pending the remedies hearing.
According to Deaton, the crux of the matter lies in the SEC’s motion to compel Ripple to disclose financial statements from 2022 to 2023. This is coming after the regulator’s initial complaint filed in December 2020.
Deaton emphasized that the SEC’s primary objective is to scrutinize Ripple’s financial records to ascertain the legality of XRP sales since the complaint was lodged. The regulatory body seeks to classify these sales as illegal securities transa…
The post “No Settlement in Sight” for SEC vs. Ripple Case, Says John Deaton appeared first on Coin Edition.
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