Search Results for: Marc Fagel

Following Ripple’s lawsuit with the US SEC, discussions regarding a potential appeal have arisen. Legal expert John Deaton suggests it’s unlikely an appeal by the SEC will be approved by Judge Torres, due to her adherence to the Howey factors. However, both parties have a right to request an appeal. Deaton’s skepticism extends to Ripple’s reaction to an SEC appeal, suggesting it may not respond favorably. The lawsuit’s outcome has potential significant impact on subsequent SEC cases against other crypto exchanges.

The ongoing legal battle between the SEC and Ripple leaves the crypto community awaiting clarity on digital asset regulations. As the lawsuit stretches beyond seven months, understanding and staying updated on regulatory developments is crucial for making informed investment decisions in the crypto industry.

Pro-XRP lawyer John Deaton argues that the SEC cannot justify secondary XRP sales as securities, citing existing case law and the Howey Test. He questions SEC Chair Gary Gensler’s approach towards crypto regulation, raising skepticism around the current regulatory environment. The Ripple vs SEC case outcome could significantly impact the future of digital assets.