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 <h2 id="strong-xrp-holder-s-lawyer-position-strong"><strong>XRP Holder’s Lawyer Position</strong></h2> 
 <p><span style="font-weight: 400">While many industry observers have voiced their respective opinions, XRP holder’s lawyer, John Deaton has </span><span style="font-weight: 400">revealed</span><span style="font-weight: 400"> that he is placing the odds of Coinbase winning the case based on the trading platform’s </span><span style="font-weight: 400">Motion to Dismiss</span><span style="font-weight: 400"> (MTD) the claims it supported the trading of unregistered securities at 25%.</span></p>  
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 <p><span style="font-weight: 400">Deaton, who has chosen to represent the users of the exchange as well as those of its rival, Binance in court told his more than 290.6k followers on the X app that they cannot let <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> speak for them. Refusing not to form a coalition to let their voices be heard as far as the case is concerned on the basis that the exchange might be looking prime for a victory is risky.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">If you’re a @<a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> customer and object to the SEC’s lawsuit and bad behavior, you have an opportunity to be heard. We don’t let the SEC or <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> speak for us. We made a difference in the Ripple case, we can make a difference again. </p> 
  <p>I don’t entirely rule out Judge Faila… https://t.co/Udv2swSL97</p>  
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  <p>— John E Deaton (@JohnEDeaton1) August 29, 2023</p>
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">Deaton said his representation in the Ripple vs SEC lawsuit made a difference, a difference he ascertains he can as well make again.</span></p>  
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 <p><span style="font-weight: 400">Due to his closeness to the XRP holder, Ripple Labs team, and the entire legal battle, John Deaton was very resourceful in providing crucial updates to the community as it concerns new motions, explaining difficult pronunciations by the Judge, and other legal nuances.&nbsp;</span></p> 
 <p><span style="font-weight: 400">This same role will come in handy in the <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> lawsuit, especially if it is as prolonged as the XRP lawsuit has been.</span></p> 
 <h2 id="strong-coinbase-vs-sec-the-precedent-is-set-strong"><strong>Coinbase vs SEC: the Precedent is Set</strong></h2> 
 <p><span style="font-weight: 400">The <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> vs SEC legal showdown appears to be more straightforward than envisaged as the positive </span><span style="font-weight: 400">XRP ruling</span><span style="font-weight: 400"> has helped set a unique precedent that digital assets traded on crypto exchanges or secondary markets are not investment contracts between the issuer and the token holders.</span></p> 
 <p><span style="font-weight: 400">Though the US SEC is contesting this ruling, there is a likelihood that the decision that the presiding Judge in this case will issue will have a leaning toward this precedent.</span></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/xrp-holder-s-lawyer-gives-coinbase-fair-winning-chance-vs-sec-tbt60814.html">https://thebittimes.com/xrp-holder-s-lawyer-gives-coinbase-fair-winning-chance-vs-sec-tbt60814.html</a></p>

XRP Holder's Lawyer Gives Coinbase Fair Winning Chance vs SEC

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