💼 Ripple vs. SEC: Deaton predicts Hinman emails will be made public
Influential lawyer and representative of XRP holders, John Deaton, has released important information about the possibility of appealing the US Securities and Exchange Commission's decision against Ripple. He clarified that the appeal does not necessarily mean failure for cryptocurrency supporters.
🕰️ First, the expert explained that Judge Torres' recent decision will remain in effect for at least two years if an appeal is filed, creating a significant buffer period. Deaton also discussed the impact of the potential outcome of the appeal. He expressed confidence in the strength of Judge Torres' decision, especially regarding the legal factor known as the "general business factor."
📝 An attorney for XRP holders predicted that the chances of the Second Circuit overturning this part of the decision are slim. This suggests that even if the SEC benefits from certain sales of Ripple, it cannot secure a complete victory in this case.
🔮 The possibility of an appeal by the SEC remains uncertain, as experts are divided on this issue. Some argue that the commission is unlikely to succeed on appeal.
Others have pointed to a recent case where the SEC asked the court to disregard parts of a ruling in favor of Ripple in its lawsuit against Terraform Labs, citing failure to comply with existing securities laws and the principles of the Howey test. The move was interpreted by many as a signal of the SEC's intention to appeal the Ripple case.
🚀 Despite the difficulties, the community of XRP holders remains optimistic and ready for further struggle for the interests of the cryptocurrency. This appeal process could be a pivotal moment in Ripple's history, and all eyes are on the developments. Let's hope for the best result and success in this matter! 🌟
