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<ul class="news-points"><li>John Deaton critiques SEC’s view on common enterprise factors in the XRP case.</li><li>SEC argues Judge Torres made an error in her XRP ruling.</li><li>Deaton believes the common enterprise factor is even more challenging for the SEC to establish.</li></ul>In response to the recent US regulator filing in the Do Kwon lawsuit, John Deaton, a pro-XRP lawyer, critiqued the agency’s stance on the common <a href="https://coinedition.com/ripple-clo-to-sec-common-interest-is-not-same-as-common-enterprise/" rel="noopener noreferrer nofollow">enterprise factor in the XRP case</a>, hinting at a potential appeal.The<a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow"> Securities and Exchange Commission (SEC)</a> argued that Judge Analisa Torres made an error in her <a href="https://coinedition.com/critics-of-xrp-ruling-now-predicting-possible-reversal-says-deaton/" rel="noopener noreferrer nofollow">XRP ruling</a> and expressed the likelihood of appealing the decision. According to Deaton, the common enterprise factor is even more challenging for the SEC to establish than the third factor of the Howey test, which has been a crucial element in determining whether an investment qualifies as a security.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">READ FOOTNOTE 13 PEOPLE: “The Court holds only that a common enterprise existed between Ripple and the Institutional Buyers. The Court does not reach the question of whether the common enterprise extends to encompass "other XP holders." Defendants Garlinghouse and Larsen, the… <a href="https://t.co/uQO0q4M6sT" rel="noopener noreferrer nofollow">https://t.co/uQO0q4M6sT</a><a href="https://t.co/VwX4jyChSf" rel="noopener noreferrer nofollow">pic.twitter.com/VwX4jyChSf</a>— J… </blockquote></div></figure>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/deaton-challenges-sec-common-enterprise-theory-after-lawsuit-response/">Deaton Challenges SEC Common Enterprise Theory After Lawsuit Response</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Deaton Challenges SEC Common Enterprise Theory After Lawsuit Response

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