- John Deaton tweeted that his prediction on the settlement of the SEC-Ripple case can be proven wrong.
- Previously, he conducted a poll regarding the outcome of the case, in which most voted for the settlement.
- Deaton also added that the decision of the Judge should be agreed with by both the SEC and Ripple.
John E Deaton, the US crypto attorney and the founder of the US digital news platform CryptoLaw, recently tweeted that his prediction on the settlement of the SEC-Ripple case can be “proven wrong at any time”. The tweet was a follow-up to his previous tweet in which he declared that more than half the community believes that “a settlement will happen”.
Earlier today, Deaton tweeted that his “prediction or belief regarding settlement is no better than anyone else’s”:
Previously, in December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the crypto trading firm, alleging the sale of XRP constituted the trade of unregistered securities worth over $1.38 billion.
Though there were some rumors regarding the closing of the case on December 15, 2022, Brad Garlinghosue, the CEO of Ripple Labs, stated:
Federal judges work at their own pace. Optimistically, we’re talking about three to four months. Pessimistically, it could be longer than that.
Notably, on December 28, Deaton conducted a poll on Twitter on the outcome of the Ripple– SEC case in 2023. Out of the two options, namely, “settlement” and “verdict”, 59.3% of the total of 14,000 people selected the first one, indicating that a majority goes with the belief that the case will come to a settlement.
Interestingly, Deaton said that “59% is higher than I would’ve guessed”. Also, he shared his previous year’s beliefs that “a settlement was likely b/c the SEC wouldn’t want the Hinman emails made public.”
However, in a recent tweet, he commented that his predictions could turn wrong at any time. He added that there could be both a decision and a settlement. As per his words, whatever the decision of the Judge, both Ripple Labs and the SEC should agree, without any appeal.
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