In the Ripple Labs vs. SEC legal battle, there's a chance of an appeal to the recent XRP ruling by Judge Analisa Torres. Crypto lawyer John Deaton thinks that if the SEC appeals, they might only get a remand at best. Deaton points to Footnote 13 in the ruling, stating that the common enterprise designation for XRP sales applies only to institutional investors and not to sales on secondary markets. He sees the XRP ruling as a significant development in the industry that will strengthen the defense for firms facing SEC lawsuits.
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Crypto Lawyer John Deaton Believes SEC Will Only Get a Remand if XRP Ruling is Appealed
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