![\"Ripple's](\"https:\/\/zycrypto.com\/wp-content\/uploads\/2021\/03\/Ripples-XRP-Could-Soon-Make-its-Way-Back-to-Most-Crypto-Exchanges.-Heres-Why.jpg\" "\\"Ripple's")
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The Ripple vs. SEC<\/a> case has lingered for almost two years now. Following the litigation brought against Ripple Labs by the SEC, the two entities have had one of the longest legal battles in the crypto space so far. As we approach the end, John E. Deaton, founder of American legal company, Deaton Law Firm, has revealed how important the final ruling is to crypto in general.<\/p>\n In a reply to a tweet by American entrepreneur and known Bitcoiner, Jason A. Williams, Deaton pointed out that the SEC\u2019s case against XRP makes XRP by far the most significant altcoin in the crypto space at this moment. Jason\u2019s tweet reads, \u201cwhy is XRP important?\u201d<\/em> It is important to note that Deaton is also involved in the XRP case.<\/p>\n The SEC argues that XRP (Ripple\u2019s native coin) is classified as a security, alleging that Ripple Labs and two executives from the firm profited from the sales of the token without fulfilling the requirements necessary, and taking the adequate steps to register it as a security.<\/p>\n Deaton noted that if the final ruling on the case goes against Ripple Labs, it would spell doom for all other altcoins as they could also be classified as \u201cunregistered securities\u201d by the SEC and any subsequent ruling by an American court, seeing as the judgments made from some cases are influenced by past rulings on similar issues.<\/p>\n Deaton says this is a nightmare most altcoins will likely face supposing Congress does not provide regulatory clarity on crypto that spells out the position of the asset class in the general financial market.<\/p>\n
Deaton notes that if the final ruling goes against XRP, it could spell doom for other altcoins<\/strong><\/h2>\n
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\n <\/p><\/div>\nThe SEC recently requested to limit expert testimony by Ripple<\/strong><\/h2>\n