Crypto lawyer John Deaton recently joined a debate on Twitter related to the recently delivered summary judgment in the Securities and Exchange Commission’s (SEC) lawsuit against the crypto platform Ripple Labs. Deaton welcomed billionaire investor Mark Cuban’s response to an <a href="https://www.bloomberg.com/opinion/articles/2023-07-14/ripple-is-a-security-and-it-isn-t" rel="noopener noreferrer nofollow">opinion piece</a> by Bloomberg columnist Matt Levine and took issue with Levine’s stance on XRP’s alleged security status.John Deaton took to Twitter earlier today to share his opinion on Matt Levine’s op-ed:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/17d113d5a3da4a46afafb4574445f0b9.png" />The debate began on July 14 when Levine published his opinion piece on Bloomberg. The lengthy op-ed drew comparisons between traditional investment vehicles like shares of tech giants Meta and Amazon and XRP. The columnist implied that the stock and the cryptocurrency could be interpreted as both a security and a non-security, depending upon the circumstances and nature of the trading environment.Shark Tank star Mark Cuban <a href="https://twitter.com/mcuban/status/1679890360200482816" rel="noopener noreferrer nofollow">responded</a> to Matt Levine’s op-ed by highlighting the inaccuracies in his interpretation of the ruling by Judge Analisa Torres, who presided over SEC v Ripple. Cuban debunked the claims made by Levine regarding the security status of stocks and crypto due to the alleged similarities between them.John Deaton doubled down on the criticism of Matt Levine’s op-ed and called him out for his fundamental misunderstanding of Judge Torres’ summary judgment. Deaton added that the misunderstanding stemmed from the ruling, which handed a small victory to the SEC by identifying institutional XRP sales as investment contracts i.e. securities.Read full article at <a href="https://cryptotale.org/crypto-lawyer-calls-out-bloomberg-columnist-for-stance-on-xrp/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Lawyer Calls Out Bloomberg Columnist For Stance On XRP

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