Prominent XRP-supporting attorney John Deaton says that Ripple Labs’ general counsel has reason to be confident as the company moves to end its lawsuit with the U.S. Securities and Exchange Commission (SEC).
The SEC sued Ripple Labs in late 2020 under allegations that the payments firm issued XRP als onregistréiert Sécherheet.
Ripple Labs kuerzem ginn for a summary judgment on the suit, which is when an entity asks the court to dispose of the case without a full trial taking place.
Ripple’s general counsel Stuart Alderoty said,
"Meng Hot Take - no zwee Joer vu Prozesser ass de SEC kee Kontrakt fir Investitioun z'identifizéieren (dat ass wat de Statut erfuerdert); a kann net eng eenzeg Prong vum Ieweschte Geriichtshaff Howey Test erfëllen. Alles anescht ass just Kaméidi.
Kongress huet nëmmen der SEC Juridictioun iwwer Wäertpabeieren ginn. Komme mer zréck op dat wat d'Gesetz seet."
In a new interview with Eleanor Terret, Deaton says he was surprised by how weak the SEC’s filings were, saying that much of their case contained irrelevancies.
“I think there’s a reason for Stu to be confident. I have to tell you something, I was proven wrong already by these briefs because if people go back to my tweets a couple of weeks ago, I tweeted out that when we see the summary judgment motions and they’re unredacted, that we’re going to see evidence that we were unaware of. I said I probably predict that there will be some evidence against Ripple that is more damaging than some people think…
[But] it’s missing. I was surprised that the SEC did not have more specific evidence. All the specific evidence that they pointed to was to institutional investors and accredited investors. They made no connection to XRP holders, the retail holders, you or me or people out there.”
Deaton representéiert 67,000 XRP Inhaber am Prozess nodeems d'US Distriktsriichter Analisa Torres d'lescht Joer de Krypto-Investisseuren "Amici Curiae" Status zouginn.
"Amici Curiae" heescht "Frënd vum Geriicht", laut Cornell Law School. Amici curiae kënnen Dokumenter ofginn, bekannt als Amicus Briefs iwwer Themen relevant fir de Fall soulaang d'Geriicht d'Shorts am Viraus stëmmt.
https://www.youtube.com/watch?v=gtj1u7qQc-M
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Source: https://dailyhodl.com/2022/09/19/ripple-lawyers-should-feel-confident-in-xrp-lawsuit-summary-judgement-says-crypto-legal-expert/