Ripple Lawyer Claims $20M SEC Settlement a Huge Win for Ripple, Setting Precedent That XRP Not a Security
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Ripple lawyer John Deaton claims a $20M settlement would be a 99.9% legal win for Ripple against the SEC.
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Deaton refutes the idea it was an even 50/50 outcome, saying it was more like 90/10 for Ripple.
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The lawsuit set a precedent that XRP is not a security when traded on secondary markets.
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Charges against Ripple execs were reduced throughout the case.
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Judge approved an order for SEC and Ripple to propose a briefing schedule on XRP institutional sales.