The latest developments in the XRP case continue to be a great deal of debate on legal platforms. The US Securities and Stock Exchange Commission (SEC), the final application for the case was discussed in detail by Marc Fagel, a former SEC official, and John E. Deaton, one of the well -known lawyers of the crypto field. The case focuses on whether XRP can be considered as securities and the adequacy of the reasons for SEC.
Criticism of the reasons of SEC
Marc Fagel has made serious criticism of SEC’s recent court application. As a former SEC Regional Director, Fagel believes that the legal arguments offered by the commission do not have enough foundation. Fagel’s assessment shows that SEC’s approach in the case is questioned by some lawyers.
Crypto money lawyer John E. Deaton also thinks that the path of SEC from a similar perspective is weak. Deaton argues that SEC’s statement to the court is not convincing. These assessments point out that the arguments of the parties in the XRP case are examined in detail.
John E. Deaton: “SEC’s explanation to court is weak and far from persuasion.”
The importance of the joint application and the effect in the case process
The joint application of the parties together during the case process is seen as a legally remarkable step. The reasons for this application and the statements presented by the SEC are evaluated by lawyers and market observers with objective criteria. Experts think that the joint application may be effective in determining the legal status of XRP.
Especially in the crypto currency world, this case is an important example for the road map of similar applications. Lawyers state that the evaluation of applications in terms of content and shape may have a reference in similar events in the future.
Marc Fagel: “SEC’s approach in the case and the arguments presented are not strong at the expected level.”
Reactions of the field experts and market
The explanations and arguments discussed in the public are closely monitored by the investors and the crypto community. The length and complexity of the case process requires carefully monitoring of market dynamics. The explanations of the experts lead to the legal questioning of SEC’s attitude.
Developments related to the case give a new dimension to ongoing discussions on the regulation of crypto currencies in the USA. Investors in the field of crypto closely observe the effects of the results of such cases on the market.
Current developments in the XRP case are carefully monitored by both lawyers and sector representatives. In addition to SEC’s statements, the approach of regulatory institutions is gaining importance in order to reduce uncertainty in the crypto market. The steps to be taken in this process are evaluated in the nature that may affect the course of similar cases in the future.
In the light of the current information, the XRP case seems to be criticized for SEC’s statements. Experts state that the joint application and explanations will contribute to the fair and impartial evaluation of the process. Evaluations reveal that the results of the case are important not only for the parties but also for the whole sector. As the case process progresses, it is thought that the developments that will emerge may have decisive effects on the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
