Legal expert: These damages would make Ripple 99.9% winner v. SEC
After the legal standoff between the United States Securities and Exchange Commission (SEC) and Ripple finally came to an end, the question came up over what its specifics meant, particularly considering the fact that the judge declared that only retail sales of XRP did not constitute securities sales. Indeed, according to the ruling, XRP sales to institutions do fall under the category of securities sales, which means that the blockchain company will have to pay damages , and lawyer John E. Deaton shared how much these should amount for Ripple to declare a 99.9% victory, in his X post on November 4. Specifically, Deaton drew attention to the fact that some people believe that “the SEC got a 50-50 victory in the Ripple case.” Actually, he believes “it was more like 90-10 in Ripple’s favor,” adding that if Ripple ends up paying $20 million or less, “it would be a 99.9% legal victory.” As it happens, the legal expert’s reasoning came in response to a November 3 X post by the chief le...