Crypto Counsel John Deaton Sums Up What Will Happen If SEC Prevails In XRP Legal Brawl Against Ripple

Although he strongly believes the resolution of Ripple's lawsuit with the U.S. Securities and Exchange Commission will be in favour of the XRP progenitor, vocal crypto advocate John E. Deaton has hinted at what might happen if the securities watchdog wins.

Timeline of Xrp

XRP Price News: XRP lawyer John Deaton said the political and economic war on crypto is real. He predicted that there might not be legislation for crypto in the United States until late 2025.

Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partner and held some of Ripple's cash balance.

XRP News: Ripple's native token, XRP price hasn't moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. However, the crypto whales seem unaffected by the recent bank crisis and its repercussions on the crypto market.

Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally, on the entire crypto sector.

Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the fallen bank, he assured investors that the company remains strong.

Ripple's Brad Garlinghouse has revealed that the project had some exposure to the embattled Silicon Valley Bank (SVB), but the company expects no disruption to its daily operations.

After Ripple CEO Brad Garlinghouse revealed his company's exposure to the now-collapsed Silicon Valley Bank (SVB), the XRP token responded with a slight decline on its daily chart, but the cryptocurrency community is still bullish on the digital asset.

Coinbase reveals that $240 million in corporate cash is still under the possession of the now-collapsed Silicon bank and that it expects to recover all the funds.  Ripple's CEO says the network has some exposure to the bank but maintains that Ripple is in a safe place.

The cryptocurrency community is looking forward to the summary judgment in the legal case between Ripple and the Securities Exchange Commission (SEC), with the verdict speculated to come in by the end of March.

XRP News: Amid an increasing wave of uncertainty triggered due to the collapse of the United States based crypto friendly banks, Ripple Labs CEO, Brad Garlinghouse decided to address rumors building around its exposure to the collapsed Silicon Valley Bank. Ripple “Had” Exposure To SVB Brad Garlinghouse accepted that they had some exposure to Silicon The post XRP News: Ripple Funds Stuck In Collapsed Silicon Valley Bank?