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Attorney Deaton Reiterates That Ripple and SEC Will Not Settle

In a tweet today, attorney Deaton made reference to a January 1 tweet where he noted that SEC chair Gary Gensler does not have a mindset of settling with the prominent blockchain company. 

Attorney Deaton noted in the New Year’s tweet that Gensler would not want to settle with Ripple because such a move would require him to publicly agree that XRP transactions, including secondary market sales, are non-securities. 

“I think a settlement [with] Ripple is not in Gensler’s mindset. I don’t believe he’s going to settle and publicly agree that ongoing and future XRP sales, including in the secondary market, are non-securities. And Ripple won’t settle unless the SEC so agrees,” said Deaton. 

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