{"id":152737,"date":"2023-09-09T15:58:10","date_gmt":"2023-09-09T10:28:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=152737"},"modified":"2023-09-09T15:58:10","modified_gmt":"2023-09-09T10:28:10","slug":"will-judge-torres-grant-secs-interlocutory-appeal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-judge-torres-grant-secs-interlocutory-appeal-crypto-news\/","title":{"rendered":"Will Judge Torres Grant SEC’s Interlocutory Appeal? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Prominent XRP lawyer John E. Deaton and other lawyers reacted to the U.S. Securities and Exchange Commission (SEC)\u00a0filing a memorandum<\/a> to further support its motion for an interlocutory appeal. Will Judge Torres grant the SEC\u2019s motion for interlocutory appeal? Lawyers Deaton, Bill Morgan, Marc Fagel, Fred Rispoli, and others commented on the odds of it.<\/p>\n

Pro-XRP Lawyer Deaton and Other Attorneys on New Filing by SEC<\/h2>\n

Lawyer John E. Deaton<\/strong> argues<\/a> that the SEC\u2019s filing to support its motion for interlocutory appeal is a \u201cprofessional embarrassment\u201d. He said the SEC blames Ripple for prolonging the lawsuit, wasting valuable judicial resources, and violating securities laws, but it\u2019s the SEC stretching the case for years.<\/p>\n

<\/p>\n

Deaton stated if Judge Torres allowed the SEC interlocutory appeal, it would take 1.5-2 years to get a ruling from the court. Also, there\u2019s still a trial to take place next year, an interlocutory appeal will not end the litigation. Judges will side with Ripple as the SEC has failed to prove the Howey Test\u2019s third prong. Even if the appeal is granted, the SEC will fail to prove why XRP is a security.<\/p>\n

Also, the SEC dragging Ripple executives Brad Garlinghouse and Chris Larsen to the lawsuit was a big mistake for the regulator.<\/p>\n

<\/p>\n

Lawyer Bill Morgan<\/strong> said<\/a> the SEC is in trouble in this motion. Judge Torres never concluded that \u201cthere can be no investment contract for offers and sales through crypto asset trading platforms without direct contact between the issuer and the investor.\u201d The SEC\u2019s argument is completely illogical and manipulative.<\/p>\n

<\/p>\n

Retired securities lawyer Marc Fagel and attorney Fred Rispoli stated the SEC has made decent arguments, but think the odds are against granting the request for interlocutory appeal.<\/p>\n

\n

3\/3 \u2026a political element so if that is a factor for J. Torres (I don’t think it is but it’s not without reason to think the opposite), she can avoid that issue by certifying and putting the onus on the 2nd Cir, as that court can simply deny the request.<\/p>\n

\u2014 Fred Rispoli (@freddyriz) September 9, 2023<\/a><\/p>\n<\/blockquote>\n

Also Read:<\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Prominent XRP lawyer John E. Deaton and other lawyers reacted to the U.S. Securities and Exchange Commission (SEC)\u00a0filing a memorandum to further support its motion for an interlocutory appeal. Will Judge Torres grant the SEC\u2019s motion for interlocutory appeal? Lawyers Deaton, Bill Morgan, Marc Fagel, Fred Rispoli, and others commented on the odds of it. […]<\/p>\n","protected":false},"author":2,"featured_media":89710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-152737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=152737"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152737\/revisions"}],"predecessor-version":[{"id":152739,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152737\/revisions\/152739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/89710"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=152737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=152737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=152737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}