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Thursday
Jul082021

The SEC’s argument against XRP’s utility is baseless and shows a lack of understanding: Legal expert 

DateThursday, July 8, 2021 at 09:49PM

The U.S Securities and Exchange Commission has presented many arguments meant to boost its chances of a legal victory against Ripple Labs. According to one legal expert, none has been more outrageous and ill-informed as the argument claiming that XRP lacks utility. Lawyer John Deaton believes that this is the best illustration of the ignorance that’s prevalent in the SEC’s approach to cryptocurrencies.

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