- Attorney John Deaton outlines three possible outcomes for the Ripple vs. SEC lawsuit under new SEC leadership: continuing the appeal, settling with a $125M fine, or dismissing the appeal entirely—though the last option is unlikely.
- He remains optimistic about Ripple’s eventual victory, citing the SEC’s weakened position and Donald Trump’s pro-crypto policies as key factors.
The Ripple vs. SEC lawsuit has taken a new turn, with recent developments signaling potential resolutions under the SEC’s new leadership. Pro-XRP attorney John Deaton has outlined three possible outcomes for the case, each with implications for Ripple and the broader cryptocurrency industry.
A New Chapter Begins
Gary Gensler, the former SEC Chairman known for his aggressive stance on cryptocurrency, stepped down on January 20, coinciding with Donald Trump’s inauguration as President. Mark Uyeda has taken the reins, bringing a more crypto-friendly perspective. Uyeda has been vocal about ending the SEC’s “war on crypto,” which has sparked optimism among XRP supporters.
Deaton, representing thousands of XRP investors, believes the leadership change could expedite a resolution in Ripple’s favor. He outlined three potential scenarios:
- Continuing the Appeal
The SEC could press on with its appeal, challenging the 2023 ruling by Judge Torres. This decision declared that XRP sales to retail investors on public exchanges did not qualify as securities transactions. However, this route could further prolong the case. - Settlement with a $125M Fine
Ripple could agree to pay a $125 million fine, fulfilling the penalty ordered by Judge Torres. While the sum is significant, it’s a fraction of the $2 billion originally sought by the SEC. Many in the XRP community see this as a practical resolution, allowing Ripple to focus on its business without further legal distractions. - Dismissal of the Appeal
The most optimistic—yet least likely—scenario involves the SEC withdrawing its appeal entirely and waiving the fine. Deaton views this as improbable, given the regulator’s reluctance to admit defeat.
Ripple’s Brightening Horizon
Deaton is confident that Ripple’s victory is inevitable. He attributes this optimism partly to Donald Trump’s evolving stance on cryptocurrency. As President, Trump has expressed support for making the US a global crypto hub. His administration recently introduced a “National Digital Asset Stockpile,” signaling a broader embrace of blockchain technologies.
What This Means for Crypto
The Ripple case has broader implications for the crypto industry. A favorable resolution for Ripple could set a precedent, reducing regulatory uncertainty for other blockchain projects. With Ripple’s victory appearing increasingly likely, the case could mark a turning point for crypto innovation in the US.
As the case unfolds, one thing is clear: the stakes have never been higher for Ripple and the future of digital assets.
