{"id":549900,"date":"2023-09-04T09:30:42","date_gmt":"2023-09-04T09:30:42","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=549900"},"modified":"2024-06-11T07:55:29","modified_gmt":"2024-06-11T07:55:29","slug":"xrp-ripple-sec-settlement","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ripple\/xrp-ripple-sec-settlement\/","title":{"rendered":"Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory"},"content":{"rendered":"

There have been talks about the US <\/span>Securities and Exchange Commission<\/span><\/a> (SEC) and Ripple Labs reaching a <\/span>settlement<\/span><\/a> following the <\/span>ruling<\/span><\/a> that XRP isn\u2019t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties.<\/span><\/p>\n

Coinbase\u2019s Motion Key To Settlement<\/h2>\n

In a <\/span>tweet<\/span><\/a> released on the X (formerly Twitter) platform, Deaton stated that the \u201conly way\u201d the SEC and Ripple can settle this year is if Judge Failla grants Coinbase\u2019s motion to dismiss the SEC\u2019s lawsuit against it.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Marketing Lead Sends Important Message To SHIB Holders<\/a><\/div>\n

The lawyer believes that the key is for Judge Failla to find that token sales on an exchange as part of a programmatic sale do not fall under US securities laws. If that happens, the Commission and its chair, Gary Gensler, may have no choice but to \u201cpivot,\u201d according to Deaton.\u00a0<\/span><\/p>\n

He further noted that Judge Failla\u2019s ruling may be final as he doubts the Solicitor General would allow an appeal as the case could end up reaching the Supreme Court, which could \u201cstrip away\u201d the SEC\u2019s powers and that of other federal agencies.<\/span><\/p>\n

The SEC had <\/span>filed <\/span><\/a>a lawsuit against Coinbase, alleging that the biggest crypto exchange in the US was operating as an unregistered securities exchange by offering several cryptocurrencies on its platform without first registering with the SEC.\u00a0<\/span><\/p>\n

In response, <\/span>Coinbase<\/span><\/a> filed<\/span><\/a> a motion to dismiss the case, stating that the regulator was stepping outside its jurisdiction with such an action. The exchange said the token sales weren\u2019t investment contracts but more commodity sales, with \u201cobligations on both sides discharged\u201d once the transaction occurred.<\/span><\/p>\n

Interestingly, Coinbase cited Judge Torres\u2019 ruling in favor of Ripple that programmatic sales, such as ones on exchanges, didn\u2019t constitute investment contracts.\u00a0<\/span><\/p>\n

\"Ripple<\/p>\n

XRP price remains volatile as legal battle continues |\u00a0Source: XRPUSDT on Tradingview.com<\/a><\/pre>\n

How Deaton\u2019s Ripple Settlement Theory Could Play Out<\/h2>\n

Going by Deaton\u2019s theory, it is believed that the SEC would want to settle with Ripple if the court ruled that the Commission has no jurisdiction over token sales on exchanges. This is plausible because Judge Failla granting Coinbase\u2019s request represents a setback for the Commission in its case against Ripple.\u00a0<\/span><\/p>\n

The SEC argues that Ripple\u2019s programmatic sales constituted an investment contract, making XRP a security.\u00a0 However, a win for Coinbase ultimately makes the programmatic sales argument baseless, and it can no longer further the argument since token sales on exchanges are outside its purview.\u00a0<\/span><\/p>\n

Related Reading: New Job Listing Indicates What Ripple Is Focusing On Next<\/a><\/div>\n

Regarding the SEC and Gensler wanting to \u201cpivot,\u201d as mentioned by Deaton, this could mean the Commission solely focusing on Ripple\u2019s sale to institutional investors, which the court ruled constituted an investment contract.\u00a0<\/span><\/p>\n

Considering that the regulator still has a long way to go to prove which institutional sales were made to domestic investors (the only ones the SEC has jurisdiction over), it may settle with Ripple rather than prolong a case it <\/span>may eventually lose<\/span><\/a>.\u00a0<\/span><\/p>\n

Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

There have been talks about the US Securities and Exchange Commission (SEC) and Ripple Labs reaching a settlement following the ruling that XRP isn\u2019t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties. Coinbase\u2019s Motion Key To Settlement In a tweet released on the X (formerly Twitter) platform, Deaton stated that the \u201conly way\u201d the SEC and Ripple can settle this year is if Judge Failla grants Coinbase\u2019s motion to dismiss the SEC\u2019s lawsuit against it.\u00a0 Related Reading: Shiba Inu Marketing Lead Sends Important Message To SHIB Holders The lawyer believes that the key is for Judge Failla to find that token sales on an exchange as part of a programmatic sale do not fall under US securities laws. If that happens, the Commission and its chair, Gary Gensler, may have no choice but to \u201cpivot,\u201d according to Deaton.\u00a0 He further noted that Judge Failla\u2019s ruling may be final as he doubts the Solicitor General would allow an appeal as the case could end up reaching the Supreme Court, which could \u201cstrip away\u201d the SEC\u2019s powers and that of other federal agencies. The SEC had filed a lawsuit against Coinbase, alleging that the biggest crypto exchange in the US was operating as an unregistered securities exchange by offering several cryptocurrencies on its platform without first registering with the SEC.\u00a0 In response, Coinbase filed a motion to dismiss the case, stating that the regulator was stepping outside its jurisdiction with such an action. The exchange said the token sales weren\u2019t investment contracts but more commodity sales, with \u201cobligations on both sides discharged\u201d once the transaction occurred. Interestingly, Coinbase cited Judge Torres\u2019 ruling in favor of Ripple that programmatic sales, such as ones on exchanges, didn\u2019t constitute investment contracts.\u00a0 XRP price remains volatile as legal battle continues |\u00a0Source: XRPUSDT on Tradingview.com How Deaton\u2019s Ripple Settlement Theory Could Play Out Going by Deaton\u2019s theory, it is believed that the SEC would want to settle with Ripple if the court ruled that the Commission has no jurisdiction over token sales on exchanges. This is plausible because Judge Failla granting Coinbase\u2019s request represents a setback for the Commission in its case against Ripple.\u00a0 The SEC argues that Ripple\u2019s programmatic sales constituted an investment contract, making XRP a security.\u00a0 However, a win for Coinbase ultimately makes the programmatic sales argument baseless, and it can no longer further the argument since token sales on exchanges are outside its purview.\u00a0 Related Reading: New Job Listing Indicates What Ripple Is Focusing On Next Regarding the SEC and Gensler wanting to \u201cpivot,\u201d as mentioned by Deaton, this could mean the Commission solely focusing on Ripple\u2019s sale to institutional investors, which the court ruled constituted an investment contract.\u00a0 Considering that the regulator still has a long way to go to prove which institutional sales were made to domestic investors (the only ones the SEC has jurisdiction over), it may settle with Ripple rather than prolong a case it may eventually lose.\u00a0 Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,85514,3799,89194,4531,83637,13172,10972,78763],"class_list":["post-549900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-ripple-vs-sec","tag-sec","tag-sec-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nPro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory<\/title>\n<meta name=\"description\" content=\"There have been talks about the US SEC and Ripple Labs reaching a settlement following the ruling that XRP isn\u2019t a security.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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