XRP Lawyer Says Ripple’s Victory in SEC Lawsuit Could Render Investors’ Class Action Void

John Deaton, crypto lawyer and legal representative of XRP holders in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), has disclosed that a recent class action brought against the company would most likely be made void if the firm wins the case.

In a recent tweet, Deaton said the class action was the least of Ripple’s worries.

The class action in question was granted certification by Judge Phyllis Hamilton of the U.S. District Court for the Northern District of California on June 30. The class suit alleges that Ripple Labs, its CEO Brad Garlinghouse, and its subsidiary XRP II engaged in a scheme to raise hundreds of millions of dollars through sales of XRP to retail investors.