Plato Data Intelligence.
Vertical Search & Ai.

Ripple’s Legal Victory Averts an SEC-Induced Crypto Catastrophe, Asserts Prominent XRP Pro Lawyer


  • Ripple’s victory over the SEC in a significant legal battle has led to widespread celebration within the cryptocurrency firm and the broader crypto community.
  • Legal expert John E. Deaton speculated that an SEC victory could have led to the unleashing of an “anti-crypto army,” dealing a significant blow to the crypto industry.
  • Despite some fluctuations in its value following the legal victory, XRP is still trading almost 50% higher than it was a month ago, indicating persistent optimism in the market.

Ripple’s recent win against the United States Securities and Exchange Commission (SEC) has sent waves of celebration across the cryptocurrency landscape. The court’s decision, which clarified that XRP sales on crypto exchanges did not constitute securities sales, has successfully dodged a potentially catastrophic outcome that could have transpired had the SEC triumphed.

John E. Deaton, a legal expert, speculated on the potential fallout of an SEC victory. He foresaw the rise of an “anti-crypto army,” led by SEC Chief Gary Gensler and Democrat Senator Elizabeth Warren, both notorious for their stringent views on crypto matters. This regulatory onslaught, Deaton suggested, could have struck a significant blow to the crypto industry, drastically altering its future.

Furthermore, Deaton contended that if Judge Torres had classified XRP as a security, crypto-supportive Democrats might have opted for silence. He underscored his argument by asserting that the Ripple XRP case could justifiably be labeled the “most significant non-fraud SEC enforcement action in modern history.”

Deaton also emphasized that Torres’ ruling was not merely a victory for U.S. crypto enthusiasts and developers. It also represented a significant blow to the SEC’s aspirations of exerting control over the entire asset class, forcing the financial watchdog to rethink its regulatory approach towards the crypto industry.

In the wake of this legal victory, XRP, the case’s focal point, has seen some value fluctuations. Despite a slight decline, XRP is still trading almost 42.3% higher than it was a month ago, suggesting enduring market optimism despite the recent dip.

Looking forward, Ripple’s victory over the SEC not only strengthens the position of XRP but also sets a precedent for other cryptocurrencies facing similar legal challenges. This triumph could potentially pave the way for a more crypto-friendly regulatory environment, fostering innovation and growth within the crypto space.

Read also:


disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.


Latest Intelligence


Chat with us

Hi there! How can I help you?