{"id":616297,"date":"2023-03-10T07:53:52","date_gmt":"2023-03-10T13:53:52","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/10\/final-verdict-looms-in-sec-vs-ripple-legal-battle-analysts-make-their-bets\/"},"modified":"2023-03-10T07:53:52","modified_gmt":"2023-03-10T13:53:52","slug":"final-verdict-looms-in-sec-vs-ripple-legal-battle-analysts-make-their-bets","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/10\/final-verdict-looms-in-sec-vs-ripple-legal-battle-analysts-make-their-bets\/","title":{"rendered":"Final Verdict Looms In SEC vs Ripple Legal Battle: Analysts Make Their Bets"},"content":{"rendered":"
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FOX Business senior correspondent Charles Gasparino and attorney John E. Deaton<\/a> have made a friendly wager on the outcome of the extended legal battle between the United States Securities Exchange Commission (SEC)<\/a> and Ripple. The bet was made during a recent episode of CLAMAN COUNTDOWN, with both parties betting a steak dinner on the outcome of the case.<\/p>\n

Gasparino Predicts SEC Win<\/strong><\/h2>\n

Gasparino expressed his opinion that the SEC would win the case against Ripple, citing the recent collapse of Sam Bankman-Fried\u2019s alleged fraud and crypto empire. He believes that it would be bad optics for a judge to appear to be on the side of crypto in light of this recent event.<\/p>\n

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\u201cI think the SEC is gonna win, and I tell you, it\u2019s gonna be a bad day for crypto,\u201d Gasparino said.<\/p>\n<\/blockquote>\n

Deaton Remains Optimistic<\/strong><\/h2>\n

Deaton, who represents thousands of XRP holders, maintains his optimism for Ripple, stating that he expects the SEC to lose at summary judgment. However, he does not expect an outright win for Ripple, saying \u201cI think the SEC is going to lose, but that doesn\u2019t mean Ripple\u2019s going to get an outright win either.\u201d<\/p>\n

The Ripple Case: XRP as an Unregistered Security<\/strong><\/h2>\n

The legal battle between the SEC and Ripple centers around whether XRP should be classified as an unregistered security. In a past analysis, Deaton asserted that the only victory the SEC would get in the Ripple case is that the blockchain payments company offered XRP as an unregistered security from 2013 to 2017, expecting the blockchain payments firm to pay a fine at most for this.<\/p>\n

Final Ruling Expected Soon<\/strong><\/h2>\n

As the SEC vs. Ripple legal battle approaches its final ruling, there are polarizing opinions surrounding the outcome. Deaton asserts that the ruling could come any day in the next few weeks, as Ripple touts Judge Analisa Torres\u2019 recent ruling on Daubert motions as a victory for XRP holders. Ripple General Counsel Stuart Alderoty believes the ruling dealt a significant blow to the SEC case, reflecting the strength of the Ripple case. The crypto community and XRP holders anxiously await the final verdict in this uncertain legal battle.<\/p>\n<\/div>\n

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\n Sohrab Khawas<\/p>\n","protected":false},"excerpt":{"rendered":"

FOX Business senior correspondent Charles Gasparino and attorney John E. Deaton have made a friendly wager on the outcome of the extended legal battle between the United States Securities Exchange Commission (SEC) and Ripple. The bet was made during a recent episode of CLAMAN COUNTDOWN, with both parties betting a steak dinner on the outcome<\/p>\n","protected":false},"author":1,"featured_media":616298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[584,3912],"tags":[],"class_list":{"0":"post-616297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-final","8":"category-verdict"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/616297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=616297"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/616297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/616298"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=616297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=616297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=616297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}