XRP was a security in 2012 - Not According to Legal Analysis - No Legal Settlement
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If XRP were ever a security it would have been in 2012 - but legal analysis said otherwise - Deaton
Exactly the point here. If XRP was ever an investment contract of Ripple, it would’ve been most likely one in 2012. Yet, the legal conclusion was that it was not. As each year passed, the XRP ecosystem grew and XRP became less and less of an investment contract of Ripple’s. https://t.co/ByVSPG9hHF
— John E Deaton (@JohnEDeaton1) February 21, 2022
Deaton on community comments about Judge Throwing out case SEC v Ripple
Below is an honest question that many have. I’ve seen a lot of negative comments lately about the judges. Your frustration is misplaced. Plz know, I understand everyone’s anger. But people are unrealistically expecting the judge, on her own volition, to throw out the case. https://t.co/U4qsElscU5
— John E Deaton (@JohnEDeaton1) February 18, 2022
If she did throw it out, as many wish, there would be no clarity regarding #XRP at all. The exchanges would not re-list b/c there would be no finding that #XRP is not a security. Second, she would get overturned on appeal and a new judge assigned and the case would start over.
— John E Deaton (@JohnEDeaton1) February 18, 2022
People can disagree but attacking the judge is unwarranted
People can disagree with me, but attacking the judge is unwarranted and misplaced. I stand by what I said in March and April of 2021 (even before I was granted amicus), Ripple and #XRPHolders got lucky having these two judges assigned.
— John E Deaton (@JohnEDeaton1) February 18, 2022