Future

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<ul> 
 <li>John Deaton, pro-XRP lawyer, analyzes settlement possibilities between Ripple and the SEC.</li> 
 <li>A positive ruling in Coinbase vs SEC could redefine token sales under U.S. securities laws.</li> 
 <li>Ripple’s argument against SEC focuses on the agency’s skewed interpretation of the Howey test.</li> 
</ul> 
<p>Amid the legal maelstrom surrounding Ripple and the SEC, John Deaton, a legal advocate for XRP holders, offers a glimmer of hope. He unveils the legal intricacies that could lead Ripple and the SEC toward a settlement. Deaton’s analysis arrives at a pivotal moment—the legal showdown between Coinbase and the SEC.</p> 
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   <p lang="en" dir="ltr">The only way <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> and the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> settle before the end of the year is if Judge Failla grants the <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> MTD (or partially grants it – finding token sales on an exchange in a blind bid/ask transaction do not fall under U.S. securities laws but allows the staking component… <a href="https://t.co/0KzGT1l0OI">https://t.co/0KzGT1l0OI</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1697989234714353760?ref_src=twsrc%5Etfw">September 2, 2023</a>
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<p>If the judge dismisses Coinbase’s motion, it could dramatically alter the regulatory landscape for token sales, including XRP. Such a dismissal would weaken the SEC’s ability to appeal, nudging the agency toward a settlement with Ripple. Deaton posits that even if an appeal were plausible, the agency’s clout would wither, making a settlement increasingly favorable.</p> 
<p>Ripple, too, has not been idle. In a recent filing, it countered the SEC’s stance, arguing that the agency had deviated from legal norms, especially concerning the Howey test for token sales.</p> 
<p>This development comes after a favorable July ruling for Ripple, which has incited many exchanges to contemplate relisting XRP. A settlement between Ripple and the SEC could not only clear the path for XRP but could also influence the broader <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>, establishing new precedents.</p> 
<p>The future looks increasingly promising for Ripple and also Coinbase, should the motion to dismiss be approved. Such a ruling would set new precedents in the crypto space, bringing much-needed clarity and fostering innovation.</p> 
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 <li><a href="https://cryptonewsland.com/pro-xrp-lawyer-reacts-to-sec-attorney-leaving-ripple-lawsuit-insight-into-the-controversy/">Pro-XRP Lawyer Reacts to SEC Attorney Leaving Ripple Lawsuit: Insight into the Controversy</a></li>
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</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/why-coinbases-motion-to-dismiss-could-affect-ripples-future/">Why Coinbase’s Motion to Dismiss Could Affect Ripple’s Future</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Why Coinbase’s Motion to Dismiss Could Affect Ripple’s Future

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