XRP Lawyer Deaton Challenges US SEC’s Appeal Of Ripple Ruling
Deaton’s Response To SEC’s Ripple Verdict In reaction to the SEC’s decision to appeal the decision that the sale of XRP to individual investors does not qualify it as a security, Deaton provided his take. He contends that a District Court judge, such as Judge Torres in this case, can discern between decisions made in light of the facts given and the particular circumstances in each case. The SEC’s claim that the Ripple decision would affect its other lawsuits is refuted by this. advertisement The SEC’s decision to challenge the ruling caused a lot of debate in the legal and cryptocurrency worlds. Deaton questioned the validity of this reasoning because the SEC’s worries about possible consequences for its other cases were viewed with suspicion. Adding a layer of irony to the conversation, NFT enthusiast PeterJ Graham commented, “If it was not so twisted it would be funny, please do not apply the law here because it might...