Lawyer outlines path to Ripple-SEC settlement amid impact of Coinbase case

John Deaton clarified that while an appeal was possible in such a situation, the authority of the agency would be diminished.

Amid speculation about a potential resolution between Ripple and the U.S. Securities and Exchange Commission (SEC), pro-XRP attorney John Deaton, representing many XRP (XRP) token holders, outlined the possible steps both parties could take if they settle.

Deaton highlighted the importance of the ongoing lawsuit between Coinbase and SEC. He explained that if the judge in the Coinbase case granted the exchange's motion to dismiss, it would indicate that token sales on the exchange are not subject to US securities laws. However, this would not apply to crypto staking.

He explained:

"The only way Ripple and the SEC (could) settle before the end of the year is if Judge Failla grants Coinbase's motion to dismiss it or partially grants it - find token sales on an exchange in a blind bid/sell transaction is sufficient. is not subject to U.S. securities laws"

If the motion to dismiss were approved, the SEC's ability to appeal would be significantly limited, making a settlement a logical option. Deaton clarified that even if an appeal was possible in such a situation, the agency's authority would be diminished.

The only way for @Ripple and @SECGov to settle before the end of the year is if Judge Failla grants the @coinbase MTD (or partially grants it - Seeking token sales on an exchange in a blind bid/sell transaction does not fall under US securities laws but does allow the staking component…