XRP Pro Lawyer Challenges SEC to Debate, Ripple CTO Slams SEC Appeal to XRP's Victory

XRP Pro Lawyer Challenges SEC to Debate, Ripple CTO Slams SEC Appeal to XRP’s Victory

Time Stamp: July 27, 2023 3:38 PM
4 hours ago 2 mins read category : News
  • Ripple’s CTO, David Schwartz, asserts that the SEC cannot file an immediate appeal due to unresolved issues.
  • Attorney John Deaton challenges securities lawyers predicting a reversal of Judge Torres’ ruling in the SEC v. Ripple case.
  • The future of Ripple and XRP in the crypto space appears promising despite ongoing legal battles.

Ripple’s Chief Technology Officer, David Schwartz, recently addressed the ongoing debate regarding the Securities and Exchange Commission’s (SEC) next course of action in the case against Ripple. Schwartz firmly stated that the SEC cannot file an immediate appeal due to unresolved issues between the involved parties.

This statement came in response to legal experts’ speculation about the SEC’s potential next moves. Various options were suggested, including an interlocutory appeal, proceeding with the trial focusing on aiding and abetting claims against Ripple executives, dropping its claim against the executives to file an immediate appeal, or settling with Ripple.

However, Schwartz countered the possibility of an immediate appeal by the SEC. He emphasized that Judge Torres’ decision did not fully resolve the dispute, particularly concerning the remedies aspect. The parties have yet to argue about remedies following the court’s ruling.

Meanwhile, Attorney John Deaton, the XRP pro lawyer, issued an open challenge to securities lawyers predicting that the Second Circuit will reverse Judge Torres’ ruling in the SEC v. Ripple case. Deaton invited these lawyers to a debate, urging them to step out of the shadows and discuss their predictions openly.

Looking ahead, the future of Ripple and XRP in the crypto space appears promising. Despite the ongoing legal battles, Ripple continues to innovate and drive the adoption of XRP. 

The potential for growth is limitless, and the crypto world is still growing. As Ripple navigates through these legal challenges, the resilience and potential of XRP become more evident.

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