A pro-crypto lawyer named John Deaton has asserted that XRP is not a security and has drawn parallels to various assets like orange groves, condos, and even Bitcoin. He referred to a previous legal case involving Telegram, where the SEC ruled in favor of repayment to investors, to support his argument. The issue of secondary market transactions of XRP has been a crucial aspect in the legal battle between Ripple and the SEC. A summary judgment decision by Judge Torres could potentially impact the classification of XRP as a security.
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