Renowned pro-Ripple lawyer John Deaton has commented on the dynamics of the XRP lawsuit and the possibility of an expedited appeal by the US Securities and Exchange Commission (SEC). In response to a tweet suggesting an immediate SEC appeal following the dismissal of charges against Ripple’s executives, Deaton clarified that this is unlikely. He pointed to the LBRY lawsuit as an example, noting that it took eight months for the judgment to become appealable. Deaton compared the LBRY case to the XRP lawsuit, where the SEC seeks to recover $770 million, highlighting Ripple’s arguments for exemptions and legitimate expenses. The XRP lawsuit continues to generate interest, and further developments are awaited as the trial scheduled for April 2024 is uncertain.
AI Sentiment: Neutral
