Ripple (XRP) lawyer John Deaton stated that even the US Securities and Exchange Commission (SEC) appealing the XRP decision would not be too bad news.
Judge in SEC-Ripple case heard last week Analisa Torresin some scenarios XRP sale of securities will not count had concluded. After the SEC’s dissatisfaction with the decision, SEC-Terraform by the Terra front in his case precedent The regulator said it would appeal the decision. serious signals had given.
On top of that, Ripple’s lawyer John Deaton July 23 Posted on his official social media account on in the shipmentSEC’s XRP decision if he appeals Even this situation is for Ripple. too bad a situation will not represent expressed.
court of appeal at least two years Deaton stated that the decisions taken by Judge Torres in this process will continue. will continue to apply stated. The attorney also said that the appellate court had judged Judge Torres on some issues. incorrect even if the SEC rules that it has decided XRP sales on exchanges won on will not count expressed. In addition, Deaton added that he does not expect the appeals court to make such a decision in this direction.
Even if the appellate court said Torres was flawed in the application of Howey’s condition 3 (expectation of profits based on third-party effort) (which I don’t think they would), that doesn’t mean the SEC won on sales to exchanges. In this case, he can apply Torres Howey’s other two conditions and make the same decision again.
In addition, Deaton said that the case in New York District Court against Judge Torres if opposition is met genius At the Court of Appeal (Section 2) against a decision opposition more likely low implied it was. At this point the lawyer coinbase your own files supports the thesis stated that.
In this context, Deaton has made sure that the business is for the SEC. pretty hard that the XRP decision represents underestimation of victory said it should.
On the other hand, old SEC Internet Enforcement Office officials John Reed Stark He said that the XRP decision was not well-founded, so there was a high probability of appeal.