XRP Lawsuit: US SEC Appeal Against XRP Ruling May Backfire
XRP Lawsuit: John Deaton Demystifies Key Facts On Wednesday, the SEC decided to appeal the ruling in the case, adding a new layer of complexity to the saga. However, John E. Deaton, renowned XRP holder’s lawyer has stated that this move could potentially backfire and have unintended consequences for the SEC’s regulatory efforts. advertisement Deaton highlighted in a recent tweet that the SEC’s recent motion is only a pre-motion letter submitted to Judge Analisa Torres, seeking permission to file a more detailed motion on the Court’s ruling. The objective of this process seems to be requesting permission to make an early appeal to the higher court (2nd Circuit Court of Appeals) before the underlying case is fully resolved. Everyone needs to understand what this is and isn’t! This is ONLY A PRE-MOTION LETTER. It’s asking the judge permission to file a formal motion asking for her to allow the SEC to then ask the 2nd Ci...