XRP Lawyer Mocks SEC’s Interlocutory Appeal, Calls it “Desperate Tactics”
XRP holder’s lawyer, John Deaton has once again called out the United States Securities and Exchange Commission (SEC) for its unrepentant approach toward the lawsuit filed against blockchain payments firm, Ripple Labs Inc.
The Deaton Exception
According to the highly vocal crypto lawyer, the Gary Gensler-led regulator is so comfortable with its own version of the lawsuit that it is failing to see any shift even as instituted in the latest ruling from Judge Analisa Torres.
In Deaton’s latest analysis, John Deaton said he actually expected Judge Analisa Torres to grant the request for the Interlocutory request that was filed by the SEC.
“I believe the move allows the judge to fully explain her reasoning in the case, further making it “appeal-proof,” as well as providing her the opportunity to address anything Judge Jed Rakoff has said,” Deaton wrote in a recent CryptoLaw article, adding that “Judge Rakoff, presiding over the SEC v. Terraform Labs case, rejected the company’s motion to dismiss, and disagreed with Judge Torres’ approach regarding Howey.”
Many cases in the crypto ecosystem are interlocked at the moment with each case forming a good basis as a precedent for the others yet to bag a ruling. For instance, Do Kwon and the LBRY case are building a whole new defense based on the ruling from Judge Torres, underscoring just how important the case is in the grand scheme of things.
In his assessment, Deaton claimed the request for Appeal by the SEC is a ‘desperate tactic of a regulator who lost the case.”
XRP Lawyer Believes in Ultimate Win
Just as Ripple Labs nabbed a win in the XRP lawsuit back in July, Deaton is convinced that another win is on the horizon.
The SEC has actually been on a major losing streak in recent times as measured by both the Ripple Lawsuit and the Grayscale Bitcoin ETF legal brawl. More experts believe the regulator might work better in the interest of all if it can just change its regulation by enforcement tactics beginning with the ongoing XRP lawsuit.
- ‘Great Progress’: Cardano Founder Shares Update After CLARITY Act Roundtable
- Jerome Powell Signals No Rush to Cut Rates, Bitcoin Falls
- FOMC Meeting: Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
- “Beyond a Centralized Exchange” Bitget CEO Unpacks Universal Exchange Vision on 7-Year Anniversary
- Breaking: CME Group to Launch Solana and XRP Futures Options as Institutional Demand Grows
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
