The article discusses a statement made by pro-XRP lawyer John Deaton regarding the possibility of Ripple winning again if the SEC (Securities and Exchange Commission) appeals the recent Ripple ruling. Deaton believes that even if the SEC files an appeal, it would take around two years for a decision to be issued by the court. He argues that the Ripple ruling delivered by Judge Analisa Torres will continue to be the governing law in the meantime. Deaton further explains the factors of the Howey Test, which determines whether an asset is classified as a security and governed by federal securities laws. He also highlights the potential alignment of views within the 2nd Circuit and suggests that the Coinbase transcript supports Judge Torres’ perspective. The article emphasizes that the Torres Decision is not binding beyond the Southern District of New York.

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