XRP Prices Fluctuate
Amicus Lawyer for Ripple Lawsuit Outlines Victory
The thing that drove me nuts was that a few career securities lawyers would argue XRP is a security. I would always counter with “anything can be marketed, packaged and sold as a security, including XRP, but it doesn’t make the asset itself one.”
— John E Deaton (@JohnEDeaton1) November 17, 2023
Deaton also stressed the importance of the rule of law in the Ripple lawsuit, regardless of personal preferences. He expressed concern about government overreach and urged the need to consider the implications of the case without biases.
Where The SEC’s Lawsuit Could Go From Here
There is uncertainty regarding the outcome of the SEC’s lawsuit against Ripple Labs. While Fox Business senior correspondent Charles Gasparino suggested that Ripple’s victories are temporary, the lawsuit is set for a full trial in the U.S. Circuit Court Southern District of New York in April. If not resolved at this level, it could end up on the Supreme Court’s docket, with both the SEC and Ripple CEO Brad Garlinghouse willing to take the fight to the nation’s high court.
### News source: cryptopotato.com