The Ripple case included the willful wrongdoing of attorneys from the SEC
In a Ripple case, an attorney who supports cryptocurrencies claims that SEC attorneys engaged in willful wrongdoing.
Despite the conclusion of the Ripple litigation, pro-crypto attorney John Deaton is helping the XRP community process the latest events.
According to Deaton, several SEC attorneys engaged in willful wrongdoing and need to be dismissed from their positions.
As of Sunday's transaction, XRP is worth more than $0.58, a 1% loss.
The verdict in the Ripple (XRP) litigation was seen as a partial win for the payment remittance service and the Securities & Exchange Commission (SEC). Along with crypto advocate John Deaton, the XRP holding community is analyzing the final verdict.
The Ripple case included the willful wrongdoing of attorneys from the SEC.
The payment remittance service was ordered to pay $125 million as a result of the Ripple litigation. The US banking authority has not appealed because the corporation requested a temporary stay on the ruling's financial aspects.
In a video he posted to YouTube, crypto advocate and attorney John Deaton stated his belief that SEC attorneys engaged in willful wrongdoing. According to Deaton, the obvious wrongdoing in the Ripple vs. SEC case warrants firings.
These remarks come as members of the XRP community wonder whether the regulator will file an appeal. Because an appeal may determine the altcoin's legal clarity, this is crucial for XRP holders.
XRP is not regarded as a security when it comes to transactions on the secondary market. As a result, Judge Analisa Torres's decision on XRP's status as a security might be overturned if the SEC files an appeal.
