Crypto Expert Slams Rakoff’s Ruling as ‘Nothingburger,’ Irrelevant to XRP

• John Deaton asserts that Rakoff’s ruling is unrelated and irrelevant to Torres’s ruling on XRP, and labels it “nothingburger.”
• Deaton warns that SEC’s potential appeal based on Rakoff’s ruling could backfire.
• The pro-XRP lawyer expresses confidence in Torres’s judgment, betting it won’t be overturned on appeal.

Cryptocurrency legal expert and founder of CryptoLawTV, John Deaton, minced no words as he dissected Judge Rakoff’s ruling in the SEC. v. Terra case, calling it a “Rakoff Nothingburger.” Deaton’s assessment calls into question the perceived significance and the subsequent impact of his ruling on the Torres Decision on XRP in SEC v. Ripple.

Deaton’s pointed remarks stem from his assertion that Rakoff’s decision does not hold significant weight in the grand scheme of the XRP case. He argues that the differences between the two judges’ decisions have been blown out of proportion and that Rakoff’s ruling is distinct, unrelated, and irrelevant to Torres’s ruling. In his own words, Deaton assert…

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