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Ripple Could Win Big: Lawyer Predicts 70% Chance Judge Grants XRP Relief

  • Ripple and the SEC jointly requested the U.S. District Court to lift the injunction on XRP sales.
  • Attorney John Deaton predicts a 70% chance that Judge Analisa Torres will approve Ripple's request.
  • The SEC lawsuit against Ripple claims XRP was sold as an unregistered security.
  • Ripple may pay $50 million to the SEC and $75 million to be returned to the company as part of a proposed settlement.
  • Deaton criticizes the SEC's approach to crypto enforcement, citing cases like Debt Box and Judge Netburn's comments on the SEC lawyers.
  • Ripple could have used new crypto legislation to argue against keeping the injunction.
  • Deaton highlights the business impact of the ongoing injunction on Ripple, stating it puts them at a disadvantage.
  • XRP is currently trading at $2.16, showing a 1.64% increase in the last 24 hours.

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