John Deaton predicts XRP to rise to $2.00

Lawyer Discusses SEC Lawsuit Scenarios Against Ripple Labs

May 29 on Twitter lawyer John Deaton expressed his surprise that many investors are reluctant to buy XRP, as long as its price remains at just $0.48. He noted that the FOMO (Forgone Profit Syndrome) effect may not materialize until XRP breaks the $2.00 mark.

“XRP is worth 0.48 cents and it’s strange to think about how many people who refuse to buy it now are going to buy it for more than $1. What’s even weirder is that FOMO likely won’t break until $2.”

The XRP community is awaiting a verdict on the US Securities and Exchange Commission (SEC) lawsuit against Ripple. Three key aspects of the case could affect the verdict and, by extension, the price of XRP: emails from former SEC corporate finance director William Hinman, defending Ripple with a fair notice, and considering whether XRP sales are in the primary or secondary markets.

Publication of the Hinman Papers Probably Imminent

Judge Analissa Torres’ decision on Hinman’s emails has sparked discussion and speculation in the XRP community. As a reminder, on May 16, Judge Analisa Torres denied the SEC’s motion to seal emails and drafts relating to a controversial 2018 cryptocurrency speech by William Hinman, a former director of the SEC financial corporation.

According to the court order, drafts of Hinman’s speech are to be made public on June 13. Despite the decision, several XRP enthusiasts are still speculating that the commission may negotiate with Ripple to keep the documents from being made public.

Ripple CTO David Schwartz does not believe that a blockchain company has the right to agree to keeping documents confidential.

By according to SchwartzJudge Torres has already ruled that Hinman’s emails and drafts are court documents and the public’s right to access outweighs all other factors, including the agreement between Ripple and the SEC.

“I’m not a lawyer, but I don’t think Ripple will agree not to publish them…”

John Deaton agreed with Schwartz’s opinion on this matter. He emphasized that Hinman’s emails will be available to the public regardless of whether Ripple negotiates with the US Securities and Exchange Commission or not.

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