SEC dropping Ripple case is ‘final exclamation mark’ that XRP is not a security — John Deaton

The US Securities and Exchange Commission dropping its appeal against Ripple is the “final exclamation point that these [XRP] tokens are considered digital commodities, not securities,” crypto lawyer John Deaton told Cointelegraph. Deaton added that there is still a $125-million judgment against Ripple over the improper selling of the XRP (XRP) cryptocurrency, which perhaps the company can negotiate down now that the SEC has dropped its appeal. Deaton is a well-known lawyer who represented XRP holders, arguing that their interests were not being represented in the SEC’s case against Ripple. He’d later run against Elizabeth Warren, a vocal crypto critic, for a senate seat to represent Massachusetts in Washington, DC source: https://cointelegraph.com/news/sec-ripple-case-xrp-not-security-john-deaton?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound