.Ripple's ongoing SECGov battle could eclipse its class-action lawsuit
against Ripple Labs, its CEO Brad Garlinghouse, and subsidiary XRP II, may be less of a concern for the company than anticipated, according to XRP-friendly lawyer John E. Deaton., Deaton suggested that the plaintiffs’ attorneys should be hoping for a Ripple victory in the ongoing SEC case, as a comprehensive SEC victory could lead to the establishment of a fund to pay XRP holders, consequently undermining the class-action lawsuit.
The crux of both the SEC and class action cases rests on the determination of whether XRP, the Ripple-affiliated cryptocurrency, is considered a security. This crucial question has been at the center of Ripple's legal challenges in recent years.
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