Victory

Read

Gains

<ul> 
 <li>SEC’s appeal against Ripple’s XRP ruling faces criticism for potential misunderstandings.</li> 
 <li>Attorney Greg Beuke challenges SEC’s evidence and approach in the Ripple appeal.</li> 
 <li>SEC’s lack of response to XRP holder affidavits highlights evidence gaps in their case.</li> 
</ul> 
<p>In a recent legal development, the U.S. Securities and Exchange Commission’s (SEC) decision to file an interlocutory appeal against Ripple’s XRP has been termed a “strategic blunder” by prominent lawyer Greg Beuke. He believes the SEC has fundamentally misinterpreted Judge Torres’s ruling.&nbsp;</p> 
<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" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Filing for interlocutory appeal was a huge strategic blunder for the SEC. Win or lose. It fundamentally misunderstands the ruling. Judge Torres did NOT rule that sales over exchanges CAN'T be investment contracts. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> /1 <a href="https://t.co/k5SE3aUnhZ" rel="noopener noreferrer nofollow">https://t.co/k5SE3aUnhZ</a></p>— Greg Beuke 388 Followers Beware of Imposters (@GregBeukeAttyKS) <a href="https://twitter.com/GregBeukeAttyKS/status/1693029795150356925?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 19, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Contrary to the SEC’s understanding, Judge Torres did not conclude that sales over exchanges couldn’t be deemed investment contracts. Instead, her ruling emphasized the SEC’s failure to prove that a rational retail investor would rely on Ripple for profit gains.</p> 
<p>The SEC’s case appeared weak, relying on selectively chosen statements from Ripple and its employees. Their inability to present evidence of any XRP holder depending on Ripple for price appreciation further weakened their stance. Moreover, their disregard for affidavits from the XRP community, presented by attorney John E. Deaton, was a notable oversight.</p> 
<p>Beuke accentuated that the appeal process typically doesn’t allow for new evidence or arguments. This constraint puts the SEC in a challenging position, especially given their lack of substantial evidence regarding retail investor perceptions.&nbsp;</p> 
<p>The 2nd Circuit, during the appeal, might resonate with the SEC’s foundational case theory. However, Judge Torres’s decision, rooted in the undisputed factual record, will stand firm, highlighting the SEC’s evidence deficit concerning retail investor understanding.</p> 
<p>Despite the legal hurdles, Ripple and XRP’s trajectory in the crypto world remains optimistic. Their resilience, coupled with robust community backing, suggests that they are primed for growth and innovation. As the crypto landscape evolves, Ripple and XRP are set to play pivotal roles, potentially revolutionizing the industry’s dynamics.</p> 
<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" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<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/us-sec-and-south-korea-join-forces-in-terraform-labs-investigation/" rel="noopener noreferrer nofollow">US SEC and South Korea Join Forces in Terraform Labs Investigation</a></li> 
 <li><a href="https://cryptonewsland.com/ftx-ex-vip-run-to-feds-to-expose-shady-scheme-of-sbf/" rel="noopener noreferrer nofollow">FTX Ex-VIP Run To Feds To Expose Shady Scheme of SBF</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-pro-lawyer-challenges-sec-to-debate-ripple-cto-slams-sec-appeal-to-xrps-victory/" rel="noopener noreferrer nofollow">XRP Pro Lawyer Challenges SEC to Debate, Ripple CTO Slams SEC Appeal to XRP’s Victory</a></li> 
 <li><a href="https://cryptonewsland.com/secs-bid-to-appeal-xrp-ruling-gains-ground-whats-next/" rel="noopener noreferrer nofollow">SEC’s Bid to Appeal XRP Ruling Gains Ground, What’s Next?</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-lawyer-says-sec-will-lose-appeal-on-ripple-case-amid-latest-filing/" rel="noopener noreferrer nofollow">Crypto Lawyer Says SEC Will Lose Appeal on Ripple Case Amid Latest Filing</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/prominent-lawyer-weighs-in-on-secs-ripple-appeal/">Prominent Lawyer Weighs in on SEC’s Ripple Appeal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Prominent Lawyer Weighs in on SEC’s Ripple Appeal

Crypto News Land

Otros artículos publicados el 21 ago 2023

Catapult Your Crypto Project to New Heights with AAudience.com

FBI Seized Nearly $2M Worth in Crypto in 3 Months

Data of Over 100,000 FriendTech Users Exposed – But Should Users Be Worried?

Upcoming token unlocks: Impact on Lido, Avalanche, and Yield Guild Games

India to Launch a Native Web Browser Powered by Crypto Tokens

Vitalik Buterin Transfers $1M ETH to Coinbase!

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!