The XRP-friendly lawyer bets big on Ripple’s victory against the appeal
Deaton referenced a detailed thread that outlined the logical approach taken by Judge Analisa Torres in her ruling, which he sees as a sturdy basis for an unfavorable outcome for the SEC.
Deaton stated, “She took each type of sale chosen and defined by the SEC and applied the Howey test. I’m willing to bet significant funds she doesn’t get reversed on appeal.” The thread, which was penned by Australian lawyer and digital asset enthusiast Bill Morgan, presents a compelling case. The SEC had categorized Ripple’s XRP sales into three distinct types, and Judge Torres decided to analyze each category separately. The judge found significant differences between the categories, particularly noting that institutional buyers signed contracts with Ripple, unlike buyers from programmatic sales.
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