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John Deaton, a well-known pro-crypto lawyer, shared his thoughts on what needs to happen next in the long-running XRP lawsuit between Ripple and the SEC. In recent “This is why I said the SEC may have snatched defeat from the jaws of victory,” Deaton wrote in the thread, disclosing that he points out to Judge Analisa Torres that The attorney believes that the SEC failed to carry out a specific Howey analysis, focusing too much on the token instead of the circumstances surrounding the Legal expert John Deaton suggests the SEC lacks strong grounds for appealing Ripple’s favorable ruling. If appealed, the case could return with the same outcome Prominent crypto attorney John Deaton has shared his perspective on the SEC vs. Ripple lawsuit, suggesting that if Ripple were to settle the lawsuit with the United To win the motion, Deaton thinks the SEC would have to persuade Judge Torres that Ripple’s sales of XRP caused no harm and that the injunction is preventing Ripple

Is the SEC about to snatch defeat from the jaws of victory in the Ripple (XRP) case? Prominent crypto attorney John Deaton thinks so. The long-running lawsuit between Ripple and the SEC has taken numerous twists and turns, and Deaton, a well-known pro-crypto lawyer, has consistently provided insightful commentary. Now, he believes the SEC may have significantly weakened its position.

Ripple vs. SEC: Deaton's Analysis of a Potential SEC Blunder

In a recent thread, Deaton explained his reasoning: “This is why I said the SEC may have snatched defeat from the jaws of victory,” Deaton wrote. He argues that the SEC’s strategy has been fundamentally flawed. The crux of his argument is that the SEC failed to perform a proper Howey analysis. As Deaton points out to Judge Analisa Torres, The attorney believes that the SEC failed to carry out a specific Howey analysis, focusing too much on the token instead of the circumstances surrounding the sales.

Legal expert John Deaton suggests the SEC lacks strong grounds for appealing Ripple’s favorable ruling. This is a critical point. An appeal could prolong the uncertainty surrounding XRP, but Deaton believes the SEC faces an uphill battle. If appealed, the case could return with the same outcome, further weakening the SEC's standing.

Settlement Unlikely? Deaton Weighs In

Even the possibility of a settlement seems less likely given the current circumstances. Prominent crypto attorney John Deaton has shared his perspective on the SEC vs. Ripple lawsuit, suggesting that if Ripple were to settle the lawsuit with the United States Securities and Exchange Commission (SEC), it might not be on terms favorable to the SEC.

What the SEC Needs to Prove to Win

To win the motion, Deaton thinks the SEC would have to persuade Judge Torres that Ripple’s sales of XRP caused no harm and that the injunction is preventing Ripple from continuing harmful practices. This is a high bar to clear, especially considering the judge's previous rulings. If the SEC can't demonstrate tangible harm and justify an injunction, their chances of success diminish significantly. The SEC's perceived misstep in its initial Howey analysis, as highlighted by John Deaton, further complicates their path forward.

Stay tuned for further updates as the Ripple vs. SEC saga continues to unfold.

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