The post Ripple News: Prominent Crypto Lawyers Clarify XRP’s Legal Status appeared first on Coinpedia Fintech News
In a Twitter thread that is rapidly gaining attention, prominent crypto lawyers John Deaton and Mike Selig have shed much-needed light on the often-misinterpreted Torres Decision concerning XRP and security laws. The two legal minds aimed to provide clarity amid what they perceived as a slew of inaccuracies being propagated by many, including financial commentators.
Deaton, the founder of CryptolawUS, expressed his concern about the apparent misinterpretation of the Torres Decision, questioning whether this was due to genuine confusion or a deliberate misstatement to foster false narratives. He cited politicians like Brad Sherman, accusing them of ignoring the law to promote government control over financial markets.

It’s amazing how many people including financial commentators continue to misstate the Torres Decision. Mike explains it well below. The question I have

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