Attorney Confident in Lack of Strength for SECs XRP Lawsuit Appeal

XRP News: Attorney Confident in Lack of Strength for SEC Appeal

John Deaton, the attorney representing 75,000 XRP token holders in the Ripple lawsuit against the SEC, expressed confidence that the agency’s arguments for a potential appeal against the Summary Judgment lack strength. He even stated that he would be willing to bet that Judge Analisa Torres’ verdict will not be overturned. Deaton pointed out that there is no evidence supporting the Third Howey Test and that the SEC would struggle to satisfy the common enterprise requirement. Concerns of a possible appeal arose when the SEC’s lawyers mentioned their intention to seek a review of the XRP ruling after a recent precedent was cited. Additionally, the crypto market may see a rally in the next week with upcoming events like the US CPI inflation data release.

Key Points:

John Deaton, attorney for XRP token holders, is confident in the lack of strength in the SEC’s potential appeal against the Summary Judgment.
Deaton believes there is no evidence supporting the Third Howey Test and that the SEC would struggle to satisfy the common enterprise requirement.
The SEC’s lawyers intend to seek a review of the XRP ruling after a recent precedent was cited.
The crypto market may experience a rally in the next week due to upcoming events, such as the US CPI inflation data release.

Hot Take:

The confidence expressed by John Deaton in the lack of strength for the SEC’s potential appeal is significant for XRP token holders. If the verdict by Judge Analisa Torres is not overturned, it could have positive implications for the Ripple lawsuit and the future of XRP. The upcoming events in the crypto market, including the US CPI inflation data release, may also contribute to increased market volatility and potential opportunities for investors.