John Deaton, a lawyer representing XRP holders in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), has stated that a recent class action against Ripple would likely be invalidated if Ripple wins the case. The class action accuses Ripple of violating securities laws by selling the unregistered crypto asset. Ripple argued against the certification of the class action, but the judge ruled in favor of the plaintiffs. Deaton believes that if Ripple wins the SEC case, the class action will be invalidated, similar to a previous ruling that declared XRP not a security.
AI Sentiment: Positive
