Renowned Attorney Confident in Durability of Ripple Case Verdict
Corporate attorney and co-founder of DLx Law, Lewis Cohen, dismissed doubts about the recent ruling in the SEC v. Ripple case, calling them “sore losers” grappling with defeat. Cohen’s confident stance was shared by attorney John Deaton, who expressed confidence in the durability of Judge Analisa Torres’ decision.
Main Breakdowns:
- Cohen dismisses doubts about the Ripple case verdict as “balderdash”
- Deaton also expresses confidence in the durability of the decision
- Judge Torres’ ruling faces criticism for inconsistency
- Critics argue the dual classification of XRP makes the ruling unstable
- SEC has not yet confirmed its next steps regarding the ruling
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Despite the controversy surrounding Judge Torres’ ruling, Cohen firmly supports it. Critics, including securities lawyers Marc Fagel and John Reed Stark, have criticized the ruling as inconsistent. They argue that the dual classification of XRP as both securities and non-securities makes the ruling unstable.
However, the SEC has not revealed whether they plan to appeal the decision. For now, Ripple’s court victory stands firm.
Hot Take:
While there is disagreement and criticism surrounding the Ripple case verdict, Lewis Cohen’s confident dismissal of doubts suggests that the ruling is likely to hold strong. With the SEC’s next steps yet to be confirmed, Ripple can enjoy its victory for now.
