Prominent attorney and XRP advocate John Deaton shared his thoughts on Judge Analisa Torres' recent decision in the SEC vs. Ripple case.
Reaction to Judge Torres' Decision
In response to Judge Torres' denial of the SEC's request for an indicative ruling, Deaton stated, "Although I believed she would ultimately grant the indicative ruling, I can’t say I’m shocked." His comment reflects a balance between expectation and acknowledgment of the legal complexities surrounding the case.
Judge Torres' Firm Approach
Deaton elaborated that Judge Torres expressed clear dissatisfaction with the SEC's approach to its request. According to him, the judge pointed out that the SEC cited the wrong legal rule in its motion and failed to demonstrate exceptional circumstances justifying the reversal of her prior injunction.
Expectations Regarding Legal Filings
Deaton expressed disappointment with the quality of the briefings presented by both the SEC and Ripple. He expected a more detailed submission, suggesting that both parties underestimated the burden of proof required to satisfy the court's demand.
Deaton's analysis emphasizes the seriousness of the situation within the legal proceedings, where Judge Torres maintains strict adherence to legal standards.
