The founder and host of Crypto Regulation TV, professional-XRP lawyer John Deaton, expressed his delight and happiness with the current verdict in the SEC vs. Ripple case. Deaton praised the decision as a watershed moment for the cryptocurrency industry, calling it the “finest day in crypto” in the last three years.
The decision by Presiding Judge Analisa Torres of the Southern District of New York adds much-needed clarity to XRP’s legal standing. In a forceful statement, the choice underscores that XRP, as a token, is not a security, which Deaton strongly supports.
According to Deaton, the verdict validated his belief that early XRP sales might be considered funding contracts. He went on to describe the choose’s categorization of XRP sales, which included institutional sales, programmatic sales, different distributions, and individual purchases by Ripple personnel.
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