- XRP Army proponents argue that Ripple's win on fair notice guarantees Ethereum a victory on the same.
- XRP and Ethereum holders are on the same side of the argument, expecting Ripple Labs to win the case.
- Ripple's lawyers filed a Freedom of Information Act request over unfair treatment by the SEC, pulling Ethereum in an ongoing legal tussle.
Contrary to common belief, XRP and Ethereum holders are not on opposite sides in the SEC v. Ripple case. XRP army proponents consider that Ripple's win is likely to impact the overall cryptocurrency market positively.
Ethereum holders to benefit from XRP's win on fair notice
An XRP Army proponent John Deaton recently argued that XRP and Ethereum holders are on the same side of the legal battle between the Securities & Exchange Commission (SEC) and Ripple.
Deaton argues that if Ripple wins the case on fair notice defense, it guarantees a victory for Ethereum holders. Ripple lawyer's defense is built on the premise that the payments giant did not have reasonable, fair notice from the SEC about whether the sales of XRP are considered illegal sales of securities.
The firm's requests for admission (relating to the fair notice) may not be answered if the Judge grants SEC's motion to strike the fair notice defense.
Deaton shared his thoughts on how Ripple and Ethereum holders are fighting the same battle.
Who is the enemy?
— John E Deaton (@JohnEDeaton1) November 15, 2021
Some have accused me of making the @Ripple case about #XRP #ETH. It’s b/c I wrote the Facts Timeline and the #Ether Free Pass Memo.
But the fight is against the SEC. Whether we like it or not, ironically, XRP and ETH are on the same side in the SEC case.
Judge Sarah Netburn has ordered the SEC to turn over documents related to the analysis of Ethereum. If Ripple's team of lawyers can prove with a reasonable belief that XRP is not a security and show that XRP Ledger and the ecosystem is more decentralized than Ethereum, the giant is likely to win.
When Ripple's lawyers filed a Freedom of Information Act request over unfair treatment of XRP by the SEC, Ethereum was roped in the legal tussle between the payments giant and the regulator.
Deaton believes that XRP and Ethereum holders are fighting the same battle, and Ripple's win is likely to fuel a bullish narrative for the two altcoins among traders.
It’s makes one sad and angry to know that had her fair and sensible proposal been adopted, we wouldn’t be in the regulatory mess that we’re in.
— John E Deaton (@JohnEDeaton1) November 15, 2021
I know it may be hard for some #XRPHolders to be on the same side as #ETHHolders.
But sometimes, the enemy of my enemy is my friend.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Shiba Inu price stagnancy brings investors’ losses to a 28-month high

Shiba Inu has been rather dormant these past four weeks, which is bearing a negative impact on the investors. The meme coin market has been struggling to make headlines as the lack of increase in altcoin’s market value has left investors in peril, which is now driving them to pull back and wait until SHIB starts rising again.
LDO sees lowest cumulative volume in ten months as Lido DAO price struggles to breach key barrier

Lido DAO price is up over the past day as the market shifted its stance despite the SEC announcing a delay in the spot Bitcoin ETF applications of BlackRock among other applicants. However, this one-day rise is not enough for the likes of LDO that have been failing in recovering for a few weeks now.
THORChain leaps 12% with soaring open interest as RUNE targets a peak of its current range

THORChain is testing a crucial multi-month obstacle after a remarkable climb. The move has completed the altcoin’s recovery rally following the 15% fall of September 27. RUNE has outperformed the broader market, with Bitcoin and Ethereum recording only up to 3% in daily gains.
Chainlink and Australia’s ANZ Bank issue AUD-stablecoin to successfully test interoperability

Chainlink put itself on the map with the help of its real-time data-feeding Oracles and is now in the spotlight for its interoperability protocol. Through this protocol, the blockchain project intends to not only connect two or five chains but also create the world’s largest liquidity layer, starting with Australia’s second-largest bank.
Bitcoin: BTC recovery rally could be bull trap in disguise, here’s why

Bitcoin (BTC) price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission (SEC). But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.