• Pro-XRP lawyer John Deaton believes that there is a 25% chance that Ripple will see an outright win against the U.S. Securities and Exchange Commission (SEC) lawsuit, while rumors fly of a possible Ripple IPO.
• According to Deaton, Judge Torres could potentially rule that XRP was offered as an unregistered security before 2018 in what is called a „splitting the baby“ ruling.
• Judge Torres will most likely come to a final decision before Sept. 30 this year, according to Deaton.
Pro-XRP Lawyer Tips Outright SEC Victory at ‘Less Than 3%’
Attorney John Deaton says there’s a 25% chance Ripple will see an outright win against the Securities and Exchange Commission (SEC), while rumors fly of a possible Ripple IPO.
Splitting The Baby Ruling
Deaton believes that presiding U.S District Judge Torres could potentially rule that XRP was offered as an unregistered security before 2018 in what is called a „splitting the baby“ ruling. In the wake of documents from former SEC Director William Hinman’s 2018 speech, it’s possible for cryptocurrencies to transition from securities to commodities once they become sufficiently decentralized.
Upcoming Deadline
According to Deaton, Judge Torres will most likely come to a final decision before Sept.30 this year considering her “six-month list” where she details all pending summary judgements that have been pending for longer than six months which gets published on the last day of March and September – something she has never been part of until now.
Impact On Price Of XRP Token
Deaton also gave his predictions for the price of Ripple’s native XRP token following a positive ruling by Judge Torres, citing industry experts who believe it could jump up from its current $1 level up to $10 if given clearance by regulators – though he himself was more conservative with his estimation between $3 and $5 per token due to market volatility after such news breaks out .
Conclusion
Ripple executives have long been predicting an imminent end to their rollercoaster lawsuit with SEC and with Judge Torres coming closer to making her final decision, we are one step closer towards finding out who comes out victorious in this case – although only time can tell us what really happens when it does arrive .