Attorney John Deaton outlines potential steps for a Ripple-SEC settlement. Coinbase case impact noted. SEC's appeal is limited if Coinbase is dismissed. Ripple's Sept 1 filing questions interlocutory appeal basis.
attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement.
Addressing the factors that might impact a potential settlement between the two parties, attorney Deatonout the significance of the ongoing Coinbase vs. SEC lawsuit. He explained that if the judge in the Coinbase case grants the exchange's motion to dismiss, it would indicate that token sales on the exchange are not subject to U.S. securities laws, although the crypto staking aspect remains part of the legal proceedings.
Should the motion to dismiss be approved, the SEC's ability to pursue an appeal would be considerably constrained, making a settlement a logical option. Deaton clarified that even if an appeal were possible in such a situation, the agency's authority would be diminished.
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