According to attorney John Deaton, it is likely that Judge Analisa Torres will reject the U.S. Securities and Exchange Commission’s (SEC) interlocutory appeal in the case against Ripple’s XRP. Deaton made these comments at a blockchain conference, stating that the SEC had not actually appealed the ruling in favor of Ripple’s XRP. He also predicted that the judge would deny the SEC’s motion, which would force the regulator to file a complete appeal in late 2024 at the earliest. Deaton also discussed qualified immunity, a legal principle that makes it difficult to hold regulators accountable for their actions. He suggested that immunity claims could be thrown out if substantive evidence is used in a civil conspiracy suit against the SEC.
AI Sentiment: Positive