CryptoLaw founder John E Deaton claims that a tweet posted by cryptocurrency news platform Blockchain Daily will lead to a rally to this altcoin project.
Blockchain Daily’s altcoin is ready for the rally
CryptoLaw founder John E Deaton said that Blockchain Daily’s tweets about XRP heralded the rally. In the tweet, he suggests that Ripple and the SEC will hold a mysterious meeting. But Deaton says that this is not possible, the parties can only come together in one run:
This is not the solution. First, I believe that a settlement in this case only happens AFTER a decision by Judge Torres, and that will only happen if Ripple wins a major victory so Gensler can save his reputation and make a political gain through the settlement. I won’t be sorry.
Second, because of claims of market manipulation and insider trading, they wouldn’t set a meeting and run the risk of a leak and influence the market. They would just meet and then come to terms, if they could, and then and only then would they report a settlement to the judge.
— John E Deaton (@JohnEDeaton1) May 1, 2023
Meanwhile, in a tweet from Blockchain Daily, which was on the agenda, “Ripple and the SEC will reportedly hold an undisclosed meeting on May 8,” wrote.
Deaton responded by challenging the authenticity of this news. He especially pointed out that the SEC and Ripple lawyers can meet whenever they want. “I bet this is wrong,” he says in response to the news. He also adds, “I don’t think they’re going to pick a date a week from now and then leak it.”
Can the SEC and Ripple reconcile?
Attorney John E Deaton emphasizes that reconciliation only takes place after a decision made by the judge. In this case, it appears that the decision could be made by Judge Torres. Deaton underlines that this scenario will only occur if Ripple wins a major victory. In that case, SEC Chairman Gary Gensler can help him salvage his reputation through compromise.
But Deaton says there won’t be any way Gensler can save his reputation. As Gensler continues to challenge Coinbase and others, he asks on what basis Gensler would agree that the sale of XRP, now and in the future, would not be considered a security. Deaton critically replies:
Gensler, after claiming to be like any other for more than two years, can somehow argue that XRP is unlike any other token.
When will the SEC and Ripple lawsuit end?
The legal process between the two began in December 2020. The SEC accuses the blockchain company of selling XRP without being subject to US securities laws. The lawsuit, which has been going on for about two years, has seen periods when both sides were superior. Ripple is putting pressure on what a former SEC executive, Hinman, said about ETH.
https://twitter.com/BankXRP/status/1475501799918428162
So when will the lawsuit end? Experts are of the opinion that the earliest date will be June. As Kriptokoin.com, we have answered this question in detail in this article.
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