"Ripple Hopes Rise: SEC Drops Hex Case, XRP Lawyer Urges Swift Resolution"

The recent dismissal of a Securities and Exchange Commission (SEC) lawsuit against Hex founder Richard Heart has sparked optimism among XRP holders and advocates, including lawyer John Deaton. This development, coupled with the SEC's growing trend of dismissing crypto-related lawsuits, has fueled anticipation of a potential resolution in the Ripple vs. SEC case.

John Deaton, a prominent XRP lawyer, has been advocating for a swift resolution to the Ripple vs. SEC case. He has directly addressed key SEC officials, including Hester Peirce, Mark Udeya, David Sacks, and Bo Hines, urging them to dismiss the Ripple case. In a public statement, Deaton asked, "As Amici counsel and on behalf of 75K XRP holders, Hester Peirce, David Sacks, Bo Hines, Mark Udeya, when Ripple?"

The US federal court's dismissal of the SEC lawsuit against Hex founder Richard Heart came after the court ruled that the regulators failed to demonstrate US jurisdiction over Heart's crypto activities. In a February 28 court ruling, Judge Carol Bagley Amon stated that the alleged misappropriation occurred entirely outside the United States, and the SEC could not prove its jurisdiction over the case.

The Hex founder's lawsuit update and John Deaton's statement come on the heels of the SEC's dismissal of multiple crypto-related lawsuits involving coinbase, Robinhood, Uniswap, and others. However, former SEC official John Reed Stark has expressed concern about these developments, suggesting that they may ultimately lead to the agency's destruction.

Following the court win, crypto tokens like PulseChain (PLS), PulseX (PLSX), and HEX (HEX), which the SEC had alleged were securities, surged significantly. Richard Heart celebrated the victory and the tokens' rally, stating that HEX has operated flawlessly for over five years and that the decision brings welcome relief and opportunity to all cryptocurrencies.

John Deaton's advocacy for Ripple began in response to the SEC's allegations against the company. He started as an amicus counsel representing 75k XRP holders, filing a writ of mandamus to question the SEC's jurisdiction and motives. Over the four-year lawsuit, Deaton has continued to support Ripple, arguing that the SEC's claims are unfounded. He has also reflected on Ripple's significant transformations since