SEC’s appeal won’t be a setback for XRP holders — Pro XRP lawyer By Cointelegraph

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SEC’s appeal won’t be a setback for XRP holders — Pro XRP lawyer

Published Jul 23, 2023 02:39AM ET Updated Jul 23, 2023 04:20AM ET

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SEC’s appeal won’t be a setback for XRP holders — Pro XRP lawyer

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Amid speculations that a potential appeal by the United States Securities and Exchange Commission (SEC) could negatively impact the crypto market, Pro-XRP lawyer John Deaton has made it clear that even in the event of an appeal by the agency, it would not significantly affect XRP (XRP) holders.

After the judge’s ruling that the programmatic sale of XRP tokens through exchanges does not classify them as securities, a new question emerges regarding the potential legal implications if the SEC decides to appeal against the ruling. Deaton, who represents more than 75,000 XRP tokenholders, elaborated on the possible scenarios and intricacies of enforcing the summary judgment.

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Comments (2)

Otis Grant Jul 23, 2023 1:21PM ET

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Ripple is great but there is no way any court will let dookie kwon off the hook for his major crimes. Hes worse the Sbf

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Ayuba Basiru Jul 23, 2023 6:27AM ET

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Ripple has come a long way in the past year, and the recent success against SEC is a battle for the entire blockchain community. SEC appeal is not a setback to the struggle, in addition to Bitget's protective fund, the exchange security architecture is top-notch. My $XRP bag is for long-time play.

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SEC’s appeal won’t be a setback for XRP holders — Pro XRP lawyer

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