Even if the SEC appealed, Ripple could win again, says pro-XRP lawyer John Deaton
Deaton believes that the decision on an appeal by the SEC will take at least two years and the judge could rule the "exact same way."
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Deaton believes that the decision on an appeal by the SEC will take at least two years and the judge could rule the "exact same way."
Monika Ghosh 3 min read
The SEC believes the Ripple ruling on retail sales "conflicts" with the Howey Test and is contrary to the principles of securities laws.
Congressman Glenn Thompson said the Ripple ruling shows there is "confusion" in the industry about how securities laws apply to cryptocurrencies and that lawmakers need to step.
The SEC chair said the agency would review the opinion and continue working to bring non-compliant firms into compliance.
Ripple CEO Brad Garlinghouse believes the SEC has been bullying small crypto players and sowing confusion in the market.
Former SEC executive John Reed Stark says that the Ripple ruling is troublesome on multiple fronts and assumes retail investors are 'stupid.'
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