The Ripple vs SEC legal saga takes a fascinating turn as XRP lawyer John Deaton anticipates a notable reduction in the speculated $770 million disgorgement. The recent comments from popular figures from the XRP community have caught the eyes of crypto market enthusiasts.
Meanwhile, in the latest statement, John Deaton has expressed his perspective on the legal situation involving Ripple and the SEC. Notably, he suggests that in an upcoming CryptoLawUS livestream, he will discuss the matter further.
Deaton Anticipates ‘SEC Might Owe Ripple Money’
According to his latest statement on the X platform, Attorney John Deaton, representing XRP holders, anticipates that Ripple might end up paying much less than the initially stated $770 million in the legal proceedings. He refers to a recent Supreme Court ruling regarding disgorgement, stating that it should not be punitive and cannot exceed the “net profits” from sales.
In addition, Deaton implies that Ripple, as a company, can deduct
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