The post John Deaton Pushes For XRP Lawsuit Drop Amid Hex Founder’s Case Dismissal appeared on BitcoinEthereumNews.com.

The US federal court’s recent dismissal of an SEC lawsuit against Hex founder Richard Heart has sparked optimism about a potential resolution in the XRP lawsuit. This development, combined with the SEC’s growing trend of dismissing crypto lawsuits, has fueled anticipation of an imminent resolution in the Ripple case. XRP lawyer John Deaton is advocating for a swift resolution to the Ripple vs SEC case, directly addressing key SEC officials and the government’s cryptocurrency team. John Deaton Urges SEC Officials for XRP Lawsuit Settlement In response to the US district court’s recent decision to drop fraud charges against Hex founder Richard Heart, pro-XRP advocate John Deaton urges the government for a swift XRP lawsuit resolution. The XRP lawyer urged key SEC officials Hester Peirce and Mark Udeya as well as crypto czar David Sacks and crypto advisor Bo Hines for the Ripple case dismissal. In an X post, Deaton wrote, “As Amici counsel and on behalf of 75K XRP holders, Hester Peirce, David Sacks, Bo Hines, Mark Udeya, when Ripple?” US Court Drops SEC Lawsuit Against Hex Founder Notably, John Deaton’s X post comes on the heels of the US federal court’s dismissal of the lawsuit against the Hex founder, imposed by the Securities and Exchange Commission. The SEC alleged that Richard Heart accumulated over $1 billion through unregistered cryptocurrency offerings and $12.1 million through defrauding investors. However, the court countered that the regulators failed to demonstrate US jurisdiction over Heart’s crypto activities. In a February 28 court ruling, Judge Carol Bagley Amon stated, The alleged misappropriation occurred through digital wallets and crypto asset platforms, none of which were alleged to have any connection with the United States…To the extent the Complaint shows that Heart misappropriated investor funds through deceptive mixer transactions, those actions occurred entirely outside of the United…

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Filed under: News - @ March 1, 2025 4:16 pm