Pro-XRP Lawyer John Deaton Predicts When Ripple Could Go Public

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According to attorney John Deaton, who advocates for XRP, he’s shared his perspective on when Ripple might initiate an IPO. Furthermore, this legal expert has expressed his viewpoint as to why he thinks the U.S. Securities and Exchange Commission (SEC) will eventually drop its appeal against Ripple.

John Deaton Predicts When Ripple Could Go Public

According to a recent post by John Deaton, he speculates that Ripple might go public through an Initial Public Offering (IPO) sometime between the final three months of 2025 and the initial three months of 2026.

The lawyer hinted at an interview given by Ripple’s CEO, Brad Garlinghouse, implying that Ripple might consider a public offering in the future. In the conversation, Garlinghouse stated that they had not previously pursued going public due to it being unsuitable under the previous Securities and Exchange Commission (SEC) administration.

In the future, it’s plausible that Ripple might choose to go public, hinted by the CEO’s statements. This is particularly likely given Brad Garlinghouse’s remarks about increased U.S. operations following Donald Trump’s presidency.

Simultaneously, Deaton pointed out that the pace at which Ripple might go public depends on the level of aggressiveness shown by Paul Atkins in his role as the U.S. Securities and Exchange Commission (SEC) Chairman.

A legal analyst anticipates that the SEC might choose to drop their appeal against Ripple, in which case, Ripple would be required to fulfill an earlier financial penalty as decided by Judge Analisa Torres. This would effectively end the case.

John Deaton mentioned that if Atkins is swiftly verified, the case might conclude within the initial quarter of the current year. Nonetheless, he feels that the second quarter is more plausible due to the US Congress’s reputation for being rather leisurely in the confirmation procedure.

Why The SEC Will Withdraw The Appeal

In simpler terms, as stated by John Deaton, it seems unlikely that the U.S. Securities and Exchange Commission (SEC) would choose to continue appealing the decision made by Judge Torres in the Ripple case. His reasoning is that the SEC’s appeal would be illogical based on the current circumstances.

The legal representative supporting XRP stated that the decision to appeal by the SEC could only result in unfavorable outcomes for the commission as a whole. Moreover, he suggested that the Commission’s appeal might stem from the current Chairman, Gary Gensler, experiencing disappointment following the court loss.

John Deaton further explained that multiple points exist as to why this appeal lacks logic. To start, he pointed out that Judge Torres’s decision in a federal district court isn’t considered binding legal precedent. Additionally, he noted that the case Ripple is involved in has minimal persuasive influence when it comes to setting future legal decisions.

Additionally, Deaton pointed out that Judge Torres’s ruling in the Ripple case is highly tailored to its specific facts, making it applicable solely to this particular instance. Consequently, the impact of the decision on other cases is likely to be minimal.

The lawyer advocating for XRP also doubts that applying all the Howey test factors would support the SEC’s stance. He pointed out that Judge Torres didn’t use all of them, but even if she did, the SEC might still lose their argument. Furthermore, Deaton suggested that the SEC could suffer a significant defeat if the case reaches the Supreme Court.

After making these points clear, John Deaton expressed his opinion that challenging the Ripple court decision is a futile endeavor, and he anticipates that Paul Atkins will share this view. These remarks from the lawyer were made as former SEC attorney Marc Fagel recently predicted a settlement in the ongoing Ripple SEC case.

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2025-01-06 21:00