Crypto Lawyer Says SEC Vs. The Ripple verdict may come this week by CoinEdition

• Crypto lawyer John Deaton believes that a ruling in SEC vs. case may come as early as this week.
• Deaton believes Ripple could appeal the ruling in the event the SEC wins a favorable ruling.
• The upside and downside of Ripple’s potential losses have yet to be determined.

Crypto attorney John Deaton took to Twitter to share his thoughts on the latest developments in the Securities and Exchange Commission’s (SEC) controversial lawsuit against Ripple. Deaton believes that XRP, the cryptocurrency at the center of this lawsuit, has the most attractive risk-to-reward ratio.

XRP has the most attractive risk/reward ratio IMO. The judge’s ruling will come in the next few weeks (perhaps this week). If the SEC wins, what is the downside of 0.45? Ripple appeals and we get the status quo. Ripple wins and it made clear that XRP is not a security? Up?

— John E Deaton (@JohnEDeaton1) March 26, 2023

John Deaton added in his tweet that a ruling by Judge Analisa Torres of the United States Southern District Court in New York is imminent and could come as soon as this week. According to the crypto lawyer, in the event that the securities regulator wins the case, Ripple will be able to restore the status quo by appealing such a ruling.

As for the impact on XRP’s price, the upside and downside of both outcomes are yet to be determined. On the one hand, a ruling in favor of the SEC will shake investors’ confidence in the crypto industry and cause a significant decline in crypto value.

However, XRP’s recent price action suggests that investors expect a favorable outcome for Ripple. The cryptocurrency has gained over 17% over the weekend, going from $0.41 to $0.48 at the time of writing. XRP’s daily trading volume has risen more than 30% in the same period as traders queue up to buy the crypto in anticipation of a positive ruling.

Meanwhile, Ripple executives have expressed confidence in the defense mounted by their legal team. In a recent interview with CNBC, Ripple President Monica Long stated that she was optimistic about reaching a positive resolution to the case, which began in December 2020. Long also added that an impending ruling in the next few weeks could be unlikely.

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