The post Ripple Lawsuit News: Pro-XRP Lawyer John Deaton Says ‘Trump Has To Drop’ The Case appeared first on Coinpedia Fintech News
On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything.
Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has big consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the SEC continues its case against Ripple, it could hurt American investments in cryptocurrencies.
However, Crypto Law founder and attorney John Deaton pointed out something interesting: the Ripple lawsuit was filed just before the end of Trump’s first term, under the leadership of SEC Chairman Jay Clayton. Now, four years later, XRP has a chance to be a part of a major global cryptocurrency reserve. Deaton argues that if Trump does not intervene and the case continues, the U.S. could lose out on big opportunities in the growing crypto market. “He has to drop it,” Deaton said.
What’s Next for XRP?
The future of XRP and Ripple largely depends on how the case with the SEC plays out. If Ripple can resolve the issue, XRP could become a major part of the digital currency world. As Deaton said, this is a critical moment for the entire crypto industry, not just Ripple. How the SEC case is handled will impact not only XRP but also the future of cryptocurrency in the U.S. and beyond.
In conclusion, while the road ahead for Ripple and XRP is still uncertain, one thing is clear: the decisions made in this case could shape the future of cryptocurrency, with XRP playing a key role in the new world of digital finance.