Crypto lawyer John E. Deaton stated that a potential SEC appeal in the Ripple Labs case 'is not even close to a setback.'
The founder of Crypto Law believes a potential appeal from the U.S. Securities and Exchange Commission in the Ripple Labs case is not a setback for XRP.
“Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them,” SEC lawyers argued in a Friday filing to Judge Jed Rakoff of the U.S. District Court for the Southern District of New York. To this point, Deaton tweeted that"even if the 2nd Circuit said Torres was wrong regarding her application of the 3rd Howey factor [...] that doesn’t mean the SEC wins on Programmatic sales ."
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