SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a security, burdening XRP’s potential for long-term price growth.
It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent because of fresh developments that could change the outcome.
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CryptoLaw’s founder and attorney recently stated in a tweet that Ripple could reach the US Supreme Court before it reaches Congress.
Deaton says Ripple community must fight in the Courts
The tweet comes as a reply to Fox journalist Eleanor Terrett’s tweet, where she shared the SEC’s budget proposal. The proposal highlights that the agency is intending to ramp up cryptocurrency enforcement.
Deaton stressed that clarity comes from the courts and not Congress or the SEC. “It’s not the way it should be but it’s the way it is and the way it’s going to be. Hell, the Ripple case could be heard by the Supreme Court before Congress acts. We must fight in the courts.”
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The XRP community has been anticipating a successful resolution to the ongoing legal dispute, which would also constitute a significant triumph if the court rules in favor of Ripple.