Attorney John Deaton, who’s proactively supporting greater than 75,000 XRP investors within the legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) through an amicus temporary, has published his predictions for the yr 2023 on Twitter.

Although the statements come a bit late – one prediction has already come true – there may be one prediction particularly that’s causing a stir. In a tweet, the lawyer deeply involved within the litigation wrote:

1) The Ripple case doesn’t settle until AFTER we get a choice from Judge Torres;
2) An exchange (possibly a couple of) is sued for selling unregistered securities;
3) Investigation into SBFraud meetings uncovers bad stuff;
4) Gensler resigns before the EOY.

What Does This Mean For Ripple?

The thesis that has received probably the most attention is the one concerning the final result of the court case. The XRP community was initially confused by the prediction that the Ripple case would only see a settlement after a choice by Judge Analisa Torres. Due to confusion, Deaton specified by a follow-up tweet:

Some individuals are confused about my prediction that the Ripple case doesn’t settle until AFTER Judge Torres renders a choice. A settlement could occur after which might eliminate any potential jury trial and likewise eliminate any potential appeal.

As Bitcoinist reported, Deaton shared nearly two weeks ago that he expects a verdict from Judge Analisa Torres and never a settlement between Ripple and the SEC. The attorney reasoned that the Hinman documents are probably not as much of a bargaining chip for Ripple as originally thought in any case.

Deaton speculated that the one other reason for the SEC and chairman Gary Gensler to avoid a verdict is that the Ripple case sets a nasty precedent. Hence, Deaton said:

I don’t imagine he’s going to settle and publicly agree that ongoing and future XRP sales, including within the secondary market, are non-securities.

Deaton Is Right On Number 2

Deaton’s second prophecy has already come true. Back in July last yr, the lawyer first predicted that the SEC will goal cryptocurrency exchanges and sue them. Yesterday, when the SEC charges against Gemini exchange and crypto broker Genesis for selling crypto products which can be allegedly unregistered securities became public, prediction number 2 was already fulfilled.

Meanwhile, Gensler’s motion is being heavily criticized within the crypto industry, because the SEC chairman is once more – as within the FTX case – acting when it’s already too late. Criticism has even come from politicians.

Congressman for Minnesota Tom Emmer stated, “Gary Gensler is once more late to the sport, ‘protecting’ nobody. Quite clear that his political ‘regulation through enforcement’ strategy hurts on a regular basis Americans.”

In recent days, the XRP price has shown strong momentum and broke through the necessary resistance at $0.3732. At press time, the worth stood at $0.3779.

Featured image from sergeitokmakov / Pixabay, Chart from TradingView.com