Founder of Crypto Law, attorney John Deaton, has expressed confidence that the outcome of LBRY’s lawsuit will not determine Ripple’s case.

In a Twitter thread, attorney Deaton explained why he thinks Ripple will not lose its case against the SEC based on the outcome of the LBRY lawsuit.

Recall that the prominent peer-to-peer content distribution company LBRY lost a lawsuit against the Securities and Exchange Commission (SEC) last month. Following LBRY’s loss, attorney Deaton predicted that the SEC would reference the victory in its summary judgment reply to force Judge Analisa Torres to rule in its favor. He also said some people expect Ripple to suffer the same fate as LBRY.

According to Deaton, people who believe Ripple would suffer a similar fate as LBRY have not followed developments in the lawsuit but only read the SEC’s last brief.

(By Lele Jima)