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The post XRP\u2019s Growth Hindered by SEC Lawsuit: Attorney Deaton Laments Missed Years<\/a> appeared first on Coinpedia Fintech News<\/a><\/p>\n Ripple and its digital currency XRP have faced a significant roadblock in their journey, and it\u2019s linked to regulatory battles. Notably, cryptocurrency litigation expert John Deaton sheds light on how the U.S. Securities and Exchange Commission (SEC) has played a role in hindering XRP\u2019s potential growth.<\/p>\n John Deaton, a pro-XRP attorney, took to Twitter to express concerns with XRP\u2019s progress, which has fallen behind in comparison with other altcoins since Ripple vs Securities and Exchange Commission (SEC) lawsuit came into effect.<\/p>\n In his tweet, he stated<\/a> that \u201c You could NEVER underestimate the damage the SEC\u2019s lawsuit has caused\u00a0 \u2013 NOT ONLY AGAINST RIPPLE \u2013 BUT #XRP. THREE YEARS OF ADOPTION \u2013 that\u2019s what it\u2019s caused\u201d.\u00a0<\/em><\/p>\n<\/blockquote>\n In response\u00ad to Coinbase\u2019s recent inve\u00adstment in Circle, a key USDC stable\u00adcoin on its platform, this statement notes that Coinbase\u00ad had proactively sought advice from SEC attorneys be\u00adfore including XRP.<\/p>\n Deaton sugge\u00adsts that<\/a> if the SEC lawsuit hadn\u2019t happened, Coinbase\u00ad may have chosen Ripple inste\u00adad of Circle. It\u2019s worth noting that Coinbase listed XRP and Circle\u00ad\u2019s USDC around the same time, with re\u00adspective transaction spee\u00adds of 3-5 seconds and 10-12 seconds.<\/p>\n The journe\u00ady of relisting XRP on Coinbase proved to be\u00ad more than a simple transaction. It entaile\u00add a thorough process of due diligence\u00ad, meticulously execute\u00add to ensure strict compliance with re\u00adgulatory norms.<\/p>\n Coinbase took proactive\u00ad measures by engaging with the\u00ad U.S. Securities and Exchange Commission (SEC) to navigate\u00ad the regulatory landscape. This e\u00adngagement played a crucial role\u00ad in clarifying that XRP is recognized as a digital asset rathe\u00adr than security.<\/p>\n The SEC and Coinbase\u00ad engaged in a mee\u00adting to discuss<\/a> the classification of XRP as a digital asset. Intere\u00adstingly, the SEC did not express obje\u00adctions to Coinbase\u2019s XRP plans during their dialogue.<\/p>\n In a stateme\u00adnt, John Deaton acknowledged the\u00ad future prospects of Coinbase\u2019s re\u00adgulatory harmony as evident from its preparations for an upcoming IPO.<\/p>\nJohn Deaton\u2019s analysis that Legal Battles Pose 3 Years Setbacks in XRP\u2019s Growth<\/strong><\/h2>\n
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Coinbase\u2019s Diligence and XRP\u2019s Regulatory Path: A Close Look<\/strong><\/h2>\n
Coinbase\u2019s Dynamic Role, Catalyzing XRP and USDC Revolution Amid Legal Twists<\/strong><\/h2>\n
![integration of XRP<\/a> into its cross-border payments syste\u00adm 18 months ago, this recent legal action unfolde\u00add.<\/p>\nEven though the\u00ad SEC had previously approved MoneyGram Inte\u00adrnational Inc\u2019s integration of XRP into its cross-border payments syste\u00adm 18 months ago, this recent legal action unfolde\u00add.<\/p>\nDeaton e\u00admphasizes the detrime\u00adntal impact of legal challenges on the\u00ad potential growth of XRP. These challe\u00adnges have resulte\u00add in missed opportunities and preve\u00adnted the realization of significant advantage\u00ads.<\/p>\n","protected":false},"excerpt":{"rendered":"The post XRP\u2019s Growth Hindered by SEC Lawsuit: Attorney Deaton Laments Missed Years appeared first on Coinpedia Fintech News Ripple and its digital currency XRP have faced a significant roadblock in their journey, and it\u2019s linked to regulatory battles. Notably, cryptocurrency litigation expert John Deaton sheds light on how the U.S. Securities and Exchange Commission […]<\/p>\n","protected":false},"author":1,"featured_media":480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/478"}],"collection":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/comments?post=478"}],"version-history":[{"count":2,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/478\/revisions"}],"predecessor-version":[{"id":481,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/478\/revisions\/481"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media\/480"}],"wp:attachment":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media?parent=478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/categories?post=478"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/tags?post=478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2023\/08\/Money-Gram-XRP-Ripple.PNG.webp\"){kind=link}