Attorney Deaton is confident that Judge Torres will still give the same ruling in the Ripple case even if the SEC wins on appeal. In a recent tweet, pro-XRP lawyer John Deaton reiterated that Judge Analisa Torres will still issue the same decision in the Ripple case even though the SEC’s appeal is successful. Deaton […] The post Deaton Agrees With Mark Cuban, Says SEC Winning on Appeal Doesn’t Mean Outright Victory first appeared on The Crypto Basic.

Deaton Agrees With Mark Cuban, Says SEC Winning on Appeal Doesn’t Mean Outright Victory

Attorney Deaton is confident that Judge Torres will still give the same ruling in the Ripple case even if the SEC wins on appeal.

In a recent tweet, pro-XRP lawyer John Deaton reiterated that Judge Analisa Torres will still issue the same decision in the Ripple case even though the SEC’s appeal is successful.

Deaton made this known while reacting to a tweet by American businessman Mark Cuban.

Cuban Says Common Enterprise Has Ended For Most Tokens

According to Cuban, SEC Chair Gary Gensler labels crypto holders as investors because it serves his purpose.

Cuban raised a pertinent question, asking how many crypto projects still act as a common enterprise in the industry.

Furthermore, Cuban noted that the decline in crypto investment in the past years shows that the “common enterprise” has ended for many tokens.

Deaton Reacts

Reacting, Attorney Deaton said Cuban made an excellent point.

“This is also why I said an appeal on Torres’ ruling, even if it was successful (I don’t believe it will be), doesn’t lead to an outright victory for the SEC,” said Deaton.

Common Enterprise Factor Is More Challenging for SEC

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