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<ol> 
 <li>John Deaton predicts the SEC will lose even if it appeals the ruling that XRP is not a security.</li> 
 <li>SEC filed a document saying that it is considering filing an appeal regarding the SEC vs Ripple ruling.</li> 
 <li>The price of XRP is still bullish at $0.77 despite rumors of another legal battle for Ripple.</li> 
</ol> 
<p>John Deaton, one of XRP community’s most outspoken legal champions, did not mince his words when talking about SEC’s possible court appeal about XRP’s status as a non-security floated on social media today.&nbsp;</p> 
<p>Deaton predicts that the SEC will “lose on appeal if they appeal it.”</p> 
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   <p lang="en" dir="ltr">I predicted long before the ruling on <a href="https://twitter.com/CryptoLawUS?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoLawUS</a> and on <a href="https://twitter.com/FoxBusiness?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@FoxBusiness</a> that the SEC would lose on secondary market sales on exchanges and I also said Judge Torres would address the Token itself – declaring it is not a security and that it does not represent or embody a security.…</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1682538145068490752?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2023</a> 
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<p>Talks about the SEC’s possible attempt to take the case to the US Court of Appeals floated today after the securities regulator filed a pleading discussing the recently-concluded Ripple vs SEC case. In the <a href="https://www.dropbox.com/scl/fi/kz87iqjgtodx4yygbpooc/SEC-RESPONSE-in-Opposition-to-MOTION-to-Dismiss.pdf?dl=0&amp;rlkey=qaluz6iw3um27i5jnat6jx6mq" rel="noopener noreferrer nofollow">document</a>, SEC said it is “considering the various available avenues for further review and intends to recommend that the SEC seek such review.”</p> 
<p>The said document is related to the ongoing lawsuit between the SEC and the defunct Terraform Labs, which includes its infamous founder Do Kwon.</p> 
<p>However, many in the crypto community are confident that the XRP ruling is deemed final. In fact, the price of XRP remains bullish at $0.77 despite the outbreak of the rumors. In contrast, XRP sharply fell from $0.60 to $0.20 when the SEC initially filed the lawsuit against Ripple.</p> 
<p>In fact, individuals and some governments are already recognizing the regulatory clarity for XRP and are adopting the said cryptocurrency. For instance, Japanese financial giant SBI Holdings is aggressively promoting XRP to the Japanese people. SBI recently launched a campaign to boost the adoption of XRP among the Japanese for trading and payments.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/terraform-labs-co-founder-arrested-for-fraud-in-montenegro-appeals-30-day-detention/" rel="noopener noreferrer nofollow">Terraform Labs Co-Founder Arrested for Fraud in Montenegro, Appeals 30-Day Detention</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-bests-bitcoin-set-to-be-the-crypto-standard-for-3-years-legal-expert-claims/" rel="noopener noreferrer nofollow">XRP Bests Bitcoin, Set to be the Crypto Standard for 3 Years, Legal Expert Claims</a></li> 
 <li><a href="https://cryptonewsland.com/ripples-legal-battle-could-spell-lucrative-gains-for-xrp-holders-lawyer-says/" rel="noopener noreferrer nofollow">Ripple’s Legal Battle Could Spell Lucrative Gains for XRP Holders, Lawyer Says</a></li> 
 <li><a href="https://cryptonewsland.com/ripple-vs-sec-crypto-attorney-make-sensational-predictions-for-2023/" rel="noopener noreferrer nofollow">Ripple vs. SEC: Crypto Attorney Make Sensational Predictions for 2023</a></li> 
 <li><a href="https://cryptonewsland.com/judge-reject-sec-motion-to-revoke-amici-status-and-bar-john-deaton/" rel="noopener noreferrer nofollow">Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/crypto-lawyer-says-sec-will-lose-appeal-on-ripple-case-amid-latest-filing/">Crypto Lawyer Says SEC Will Lose Appeal on Ripple Case Amid Latest Filing</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Crypto Lawyer Says SEC Will Lose Appeal on Ripple Case Amid Latest Filing

Crypto News Land

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