Pro-XRP lawyer John Deaton discussed the potential implications of an appeal by the United States Securities and Exchange Commission (SEC) against the recent ruling on XRP. Despite speculations about the impact of such an appeal on the crypto market, Deaton made it clear that XRP holders need not worry as the appeal process is unlikely to have a significant effect on them.
Following the judge's ruling that XRP tokens sold on retail digital asset exchanges are not classified as securities, a new question arises about the legal consequences if the SEC decides to challenge the decision. Deaton, representing more than 75,000 XRP token-holders, delved into the various scenarios and complexities involved in enforcing the summary judgment.
On July 21, the SEC revealed its intention to seek a review of the ruling in the Ripple lawsuit
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First found on: Pro-XRP Lawyer John Deaton Explains Potential Implications of SEC Appeal on XRP Holders
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