Ripple’s Opposition to SEC Generates Reactions from Crypto-Legal Figures
Ripple’s recent opposition to the SEC’s appeal request has sparked reactions from key figures in the crypto-legal space. This includes pro-XRP lawyer John Deaton and Coinbase’s chief legal officer Paul Grewal.
Key Points:
- John Deaton believes Ripple’s opposition against the SEC’s appeal request is strong.
- Deaton expressed his opinion on X (formerly Twitter) that the SEC’s appeal will not be certified.
- Paul Grewal criticized the SEC’s inconsistent handling of cases, highlighting the shift from “facts and circumstances” to a “pure question of law”.
- Grewal praised the Ripple legal team for exposing the SEC’s hypocrisy.
- XRP is currently trading at $0.4952, experiencing a 5% price decline in the past week.
Hot Take: Ripple’s opposition to the SEC’s appeal request has received support from prominent figures in the crypto-legal space. This further emphasizes the ongoing battle between Ripple and the SEC, with Ripple’s legal team making strong arguments against the commission’s actions.
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