Amidst the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple, the fintech company behind the cryptocurrency XRP, has demonstrated remarkable growth over the past three years.
XRP Lawyer on XRP Vs SEC Lawsuit
In a detailed tweet today, Pro-Ripple lawyer John Deaton shed light on the company’s outstanding achievements, despite facing significant legal challenges.
“Even if you hate Ripple or XRP, you have to be impressed by what Ripple has accomplished during the last 3 years,” Deaton tweeted. “Not only did it grow its business – almost tenfold – during an extended brutal bear market, but did so while under the dark cloud of an SEC enforcement action which prevented any real growth within the United States.”
During a time when many companies were downsizing, the lawyer noted that Ripple was hiring, a testament to the resilience of the firm. Deaton further pointed out that the legal hurdles Ripple faced were fueled by bias, conflicts of interest, and compromise within the SEC. He expressed his belief that XRP is not a security, a sentiment echoed by industry experts.
The legal battle against Ripple, which garnered significant attention, has persisted for almost four years, costing the company over $100 million in legal fees and sparking significant interest in the crypto community.
That said, Deaton’s comments against the backdrop of a key win for Ripple. Earlier his week Judge Analisa Torres signed an order…
