The post Ripple News: John Deaton Warns of Potential Backfire as US SEC Appeals XRP Ruling appeared first on Coinpedia Fintech News
In XRP pump and dump sessions, the outcry is based on the lawsuit. On this Crypto lawyer John Deaton has shared his thoughts on the SEC’s move to appeal the XRP lawsuit. He explains that the SEC wants to challenge parts of the court’s decision early, even before the main case ends. This could give the SEC an advantage, but Deaton says it doesn’t mean they’ll automatically win.
Deaton weighs in on XRP ruling
Deaton in his X post revealed that the judge will likely agree to this early challenge. If that happens, the judge could explain her decision better, making it harder to dispute later on. Deaton also thinks this could be a chance for the judge to address concerns raised by another judge.
As for Deaton’s own involvement, he’s waiting to hear what Ripple, the company behind XRP, has to say before he decides what to do. He wants to make sure
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