Gary

Coin

<ul class="news-points">
 <li>John Deaton discusses SEC’s failed Ripple case appeal on a Crypto Podcast.</li>
 <li>Judge Torres clarified her decision, emphasizing it is specific to XRP.</li>
 <li>Deaton argued crypto prices are not solely tied to project actions.</li>
</ul>
In a recent <a href="https://youtu.be/u6y_K1Kuuik?si=FBIN9Neakk7HzHzP" target="_blank" rel="noopener noreferrer nofollow">interview</a> with the Thinking Crypto Podcast, pro-XRP lawyer John Deaton discussed the recent SEC vs. Ripple case development. Deaton noted that Judge Torres had denied the SEC’s attempt to appeal the Ripple ruling, describing it as “just another SmackDown of Gary Gensler and the SEC.”&nbsp;
The lawyer highlighted that the SEC had sought an early appeal, which Deaton explained that such appeals are typically pursued when no trial is left to conduct.
Deaton emphasized that Judge Torres <a href="https://coinedition.com/xrp-ruling-cannot-be-cited-as-precedent-for-other-crypto-cases-judge/" rel="noopener noreferrer nofollow">clarified her stance</a> in the recent ruling. She specified that her original decision only applied to XRP and the specific facts and circumstances of that case.&nbsp;
Moreover, Judge Torres clarified that she never stated a token could not be considered a security if sold on an exchange. This clarification debunked the notion that all tokens sold on exchanges were automatically non-securities, as some in the crypto community had inferred from her previous ruling.…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/legal-expert-calls-judge-torres-ruling-another-smackdown-for-sec/">Legal Expert Calls Judge Torres’ Ruling another ‘SmackDown’ for SEC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Legal Expert Calls Judge Torres’ Ruling another ‘SmackDown’ for SEC

Coin Edition

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