Approximately 75,000 XRP holders are represented by experienced XRP attorney John Deaton, who is a friend of the court and keeps the XRP community updated on the SEC vs. Ripple action. If the SEC prevails in the lawsuit, an XRP investor asked attorney John Deaton for his advice.
Deaton admitted that if the SEC prevails, there will be a period of established order for two to five years. Nevertheless, he thinks Ripple has a better chance of succeeding and would captivate the Supreme Court.
According to John Deaton, if Ripple loses to the SEC, it might take years before any money is collected, but only if Ripple loses on appeal. In Deaton’s opinion, Ripple would prevail if the Supreme Court were to hear the issue. If the SEC triumphs, Ripple will become enchanted, and the current situation will last for two to five years.
Being listed on 75K is a useful factor because it helps identify XRP holders. It does not constitute a waiver of any rights, and joining the listing has no bearing on any prospective financial compensation. Deaton is sceptical that the civil case will have a significant outcome. If the SEC prevails, it will amass the greatest money and offer the best option. Being listed does not waive any rights, but it does assist in evaluating prospective claims.
According to him, if a judge and an appeal court rule in another case, being wrong about whether or not an asset is a safety does not result in punishment. Being on the list wouldn’t be an obstacle if there were a fund that permitted owners of XRP to sell their holdings to the SEC or back to Ripple as a consequence of a civil case. Anyone making an alternative argument is incorrect.
