Attorney John Deaton, who represents the thousands of XRP token holders in the U.S. Securities and Exchange Commission (SEC) lawsuit, predicted that some legal action may be coming in the way of Binance.
He said there have been so many unusual things in recent times that he will not be surprised if the crypto exchanges get a sealed indictment from the United States Department of Justice (DOJ).
Deaton comments that crypto as a policy issue should be fought in Courts until 2025, after which there could be political consensus on the issue in the United States.
Attorney Jeremy Hogan, who also took part in the Space, recalled that the US SEC had even mentioned in a filing about not appealing the XRP Summary Judgment. The SEC said it is not appealing whether XRP is in and of itself a security so that is off the table, he added.
Attorney Hogan said the ideas, people, and resources are fleeing the United States in search of a place where they could develop great ideas at least legally. Hence, he called for having a sense of urgency in terms of taking action to stop the trend.