.JohnEDeaton says the Ripple v. SEC lawsuit may be a blessing in disguise for the firm
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A conversation sprang up on Twitter that revealed that Ripple conducted a private roadshow event in April, where the company and its underwriters met with a couple of Wall Street investors to generate interest in an IPO. This revelation has become the subject of much speculation, with Deaton noting that Ripple could even be in a good position depending on what the summary judgment turns out to be.
According to him, any outright win of the lawsuit or a slap on the wrist that shows that ongoing and future sales of XRP are not securities will ultimately be a blessing in disguise.
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