A Whirlwind of Anticipation Surrounds the SEC’s Motion for an Interlocutory Appeal in the Ripple Lawsuit
A leading voice in the crypto world, lawyer John Deaton, recently shared his forecasts on the unfolding saga of the Ripple lawsuit. According to Deaton, the next steps for the SEC might involve more waiting than action. Here are the key points from Deaton’s insights:
- Judge Analisa Torres might not be in favor of the SEC’s immediate appeal motion
- The regulatory body might have to wait until the latter end of 2024 to present a comprehensive appeal in the Second Circuit
- Deaton provided his insights during the onXDC Live blockchain conference in Texas
- The current status of Ripple’s case is that the court has permitted the SEC to draft a motion for an interlocutory appeal
- There is no immediate appeal in the case at this time
As the crypto community eagerly awaits further developments in this landmark case, Deaton’s predictions and clarifications shed light on the complexities and possible outcomes of the Ripple-SEC debacle.
Hot Take: The Ripple-SEC lawsuit continues to be a source of speculation and interest in the crypto world. While the SEC’s motion for an interlocutory appeal has created anticipation, John Deaton’s insights suggest that the next steps might involve a longer waiting period for the SEC. This case is far from over, and the ultimate outcome remains uncertain.
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