XRP holder\u2019s lawyer, John Deaton has once again called out the United States Securities and Exchange Commission (SEC) for its unrepentant approach toward the lawsuit filed against blockchain payments firm, Ripple Labs Inc.<\/span><\/p>\n According<\/span><\/a> to the highly vocal crypto lawyer, the Gary Gensler-led regulator is so comfortable with its own version of the lawsuit that it is failing to see any shift even as instituted in the latest ruling from Judge Analisa Torres.<\/span><\/p>\n <\/p>\n In Deaton\u2019s latest analysis, John Deaton said he actually expected Judge Analisa Torres to grant the request for the Interlocutory request that was filed by the SEC.<\/span><\/p>\n \u201cI believe the move allows the judge to fully explain her reasoning in the case, further making it \u201cappeal-proof,\u201d as well as providing her the opportunity to address anything Judge Jed Rakoff has said,\u201d Deaton wrote in a recent CryptoLaw article, adding that \u201cJudge Rakoff, presiding over the SEC v. Terraform Labs case, rejected the company\u2019s motion to dismiss, and disagreed with Judge Torres\u2019 approach regarding Howey.\u201d<\/span><\/p>\n <\/p>\n Many cases in the crypto ecosystem are interlocked at the moment with each case forming a good basis as a precedent for the others yet to bag a ruling. For instance, Do Kwon and the LBRY case are building a whole new defense based on the ruling from Judge Torres, underscoring just how important the case is in the grand scheme of things.<\/span><\/p>\n <\/p>\n In his assessment, Deaton claimed the request for Appeal by the SEC is a \u2018desperate tactic of a regulator who lost the case.\u201d<\/span><\/p>\n Just as Ripple Labs nabbed a win in the XRP lawsuit back in July, Deaton is convinced that another win is on the horizon.<\/span><\/p>\n The SEC has actually been on a major losing streak in recent times as <\/span>measured<\/span><\/a> by both the Ripple Lawsuit and the Grayscale Bitcoin ETF legal brawl. More experts believe the regulator might work better in the interest of all if it can just <\/span>change<\/span><\/a> its regulation by enforcement tactics beginning with the ongoing XRP lawsuit.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\nThe Deaton Exception<\/strong><\/h2>\n
XRP Lawyer Believes in Ultimate Win<\/strong><\/h2>\n
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