Pro-XRP lawyer John Deaton says he “wouldn’t be surprised” if there’s a summary judgment decision on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple in the coming days or weeks.
Deaton says in a new interview with Fox Business that he doesn’t think the case will end well for the SEC.
“I think the SEC is going to lose, but that doesn’t mean Ripple is going to get an outright win either. But I think the SEC is going to lose at summary judgment because of the theory that they went with… Normally, when you go after a promoter, you say ‘On this particular day, you made an unregistered securities offering or sale. And that particular transaction was a security, an investment contract.’
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