• John Deaton, a lawyer representing over 75,000 XRP investors in the legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), has made predictions for 2023.
• His most prominent prediction is that the Ripple case will not be settled until after a decision from Judge Analisa Torres.
• Deaton further speculated that the Hinman documents might not be as much of a bargaining chip for Ripple as originally thought.
John Deaton, a lawyer representing over 75,000 XRP investors in the legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), recently made predictions for 2023. In a tweet, he stated that the Ripple case will not settle until after a decision from Judge Analisa Torres. He also speculated that the Hinman documents might not be as much of a bargaining chip for Ripple as originally thought.
Deaton’s predictions come a bit late as one of them has already come true – that Gary Gensler will resign before the end of the year. He also believes that an exchange (or multiple exchanges) will be sued for selling unregistered securities, and that an investigation into SBFraud meetings will uncover “bad stuff”.
The XRP community initially was confused by the prediction that the Ripple case would only see a settlement after a decision from Judge Analisa Torres. To clarify, Deaton explained that a settlement could occur after the decision, which would eliminate any potential jury trial and also any potential appeal.
This prediction has caused a stir within the XRP community, as many are hoping that the Ripple case may be settled before a decision is made. However, Deaton’s prediction indicates that the SEC and Ripple Labs are likely far from settling, and that the trial will likely go to court.
Deaton’s predictions are certainly noteworthy and could prove to be accurate in the coming months. The XRP community is certainly paying attention to see what the future holds for Ripple Labs and the SEC.