SEC Appeal Not Even Close To Setback: XRP Lawyer John Deaton
Will SEC’s Appeal Impact XRP? With the judge ruling that the programmatic sale of XRP tokens via exchanges does not qualify them as securities, the question now arises as to what would be the legal standing if the SEC does appeal against the ruling. Attorney John Deaton, who represents over 75,000 XRP token holders, explained the ifs and buts of how the Summary Judgment would come into force. advertisement Also Read: Bitcoin Price: Don’t Miss These Key Crypto Market Movers This Week On Friday, the US SEC mentioned in its filing in the Terraform Labs CEO Do Kwon’s case that it intends to seek a review of the decision in the Ripple lawsuit. This came after Kwon showed intent to use the XRP lawsuit verdict as a precedent for digital assets not being treated as securities. US SEC Appeal Not A Setback Amid speculation that a possible appeal by the US SEC would be a setback for the crypto market, Attorney Deaton clarified that even if the ag...