Attorney and XRP advocate John Deaton shared his insights on the latest legal documents in the Ripple vs SEC case, focusing on the inadequacies in the arguments presented.
Critique of Arguments in Motion
Deaton clarified that his analysis was not aimed at discrediting the lawyers involved but focused on what he believed was missing from the recent motion. He emphasized that his critique should not be interpreted as a call for excessive deference to Judge Analisa Torres.
Shortcomings in SEC Actions
Deaton expressed disappointment that the SEC did not acknowledge prior overreach in its enforcement actions against crypto firms. He believed the SEC could have benefited from recognizing aggressive actions by past leadership, citing judicial rebukes like the appellate court's findings of ‘arbitrary and capricious’ actions.
Ripple's Strategy to Mitigate Legal Risks
Deaton also believed that Ripple's legal team could have better articulated the real-world implications of continuing to operate under a potential injunction. He noted that upcoming legislative changes might affect the court's decision-making and argued that Ripple is at a disadvantage as long as an injunction remains.
Deaton concluded his analysis by encouraging a more detailed and strategic approach aimed at persuading a judge who believes her previous ruling aligns with existing law.
