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Crypto Lawyer Says Luck Played A Major Role In XRP Ruling

Published 12/08/2023, 11:04
Updated 12/08/2023, 11:15
© Reuters.  Crypto Lawyer Says Luck Played A Major Role In XRP Ruling
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  • Crypto lawyer John Deaton believes the crypto industry was lucky to get a favorable ruling for XRP.
  • Deaton lauded the affidavits filed by XRP holders and the efforts of the LBRY team.
  • DeFi platform LBRY’s decision to stand up to the SEC’s crackdown played a significant role in the summary judgment.

Crypto lawyer John Deaton recently stated that the summary judgment in the Securities and Exchange Commission’s controversial lawsuit against Ripple wouldn’t have been possible without the efforts of the crypto community. According to him, the crypto industry was lucky to have the support of XRP holders and the DeFi platform LBRY which was previously the subject of enforcement action by the securities regulator.

John Deaton took to Twitter earlier today to reflect on the summary judgment in SEC v Ripple:

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