Bitcoin

Attorney John E. Deaton, a staunch advocate for XRP, recently addressed criticisms directed at Judge Analisa Torres for her decision in the ongoing case between Ripple Labs and the Securities and Exchange Commission (SEC). 
<h2 id="b-john-deaton-makes-new-twitter-revelation-b">John Deaton Makes New Twitter Revelation</h2> 
Taking to Twitter, <a href="https://twitter.com/JohnEDeaton1/status/1683321613461377025" rel="noopener noreferrer nofollow">Deaton passionately defended Judge Torres against her critics</a> and delivered a pointed message stating that the SEC’s failure to establish the “common enterprise” factor was even more glaring than their inability to satisfy the third Howey factor.&nbsp; 
In his statement, Deaton boldly declared, “I have news for the Torres haters: the SEC failed to establish the common enterprise factor even less than they established the 3rd Howey factor – NOT EVEN CLOSE!” 
This statement expresses Deaton’s extreme dissatisfaction with the SEC’s handling of the matter and its ramifications for the crypto sector as a whole. The SEC’s case against Ripple loses substantial ground by failing to identify a common entity between Ripple Labs and XRP investors, raising issues about the legitimacy of the claims. 
<h2 id="b-deaton-s-legal-actions-b">Deaton’s Legal Actions</h2> 
In the face of regulatory ambiguity and potential threats to the crypto industry, Attorney Deaton has <a href="https://thecoinrise.com/ripple-and-sec-case-will-likely-get-a-court-ruling-deaton/" rel="noopener noreferrer nofollow">emerged as a vocal advocate for investor rights and regulatory clarity</a>. His legal actions against the SEC involving Ripple’s XRP have gotten a lot of attention, but he underlined that his motivation goes beyond personal benefit. 
Deaton revealed that if he had owned Bitcoin in 2013 when the SEC declared it a “security”, he would have taken legal action against the regulator. Likewise, if the SEC had made similar allegations against Ethereum, he would have pursued a similar course of action.&nbsp; 
This assertion highlights Deaton’s unwavering commitment to advocating for fairness and regulatory transparency in the crypto space. Meanwhile, Deaton’s comments come only a few <a href="https://thecoinrise.com/xrp-holders-lawyer-john-deaton-suffers-twitter-account-exploit/" rel="noopener noreferrer nofollow">days after his official Twitter account was exploited by hackers</a>. 
<h2 id="b-promoting-a-balanced-perspective-b">Promoting a Balanced Perspective</h2> 
Deaton’s vocal defense of Torres is not merely an attempt to deflect criticism but rather an appeal for a more balanced and fact-based approach to the XRP case. As an attorney with a vested interest in ensuring fair treatment for XRP investors and stakeholders, Deaton remains steadfast in his belief that the SEC must be held accountable for its actions. 
The post <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com/john-deaton-addresses-criticism-directed-at-judge-torres-in-xrp-case/">John Deaton Addresses Criticism Directed at Judge Torres in XRP Case</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

John Deaton Addresses Criticism Directed at Judge Torres in XRP Case

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