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Is it impossible for Ripple (XRP) to win SEC case because judges are part of the ‘deep state’? Report

March 6, 2023
in Crypto News
Reading Time: 3 mins read
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Is it impossible for Ripple (XRP) to win SEC case because judges are part of the ‘deep state’? Report
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  • With Judge Analisa Torres dismissing Jeffery Epstein’s death case, XRP community members speculate her links with the “deep state”.
  • Ripple attorney John E. Deaton dismissed the speculations saying they are “absolutely not true” and the judge dismissed the case as the prosecutors reached a plea deal with the guards.

The Ripple vs SEC battle is taking new turns and is slowly turning into a political slugfest drifting away from the merits of the case. In a recent development, there have been allegations that Judge Analisa Torres is part of the “deep state” and might side with the U.S. Securities and Exchange Commission (SEC) in its case against Ripple.

These claims come as the federal judge dismissed a case recently against two correctional officers who admitted to falsifying records just on the night of Jeffery Epstein’s death. Going back to understand the context, Epstein was a sex offender from America having links to some of the country’s political elites.

His death, which currently awaits trial at the Metropolitan Correctional Center in New York, has been a subject of a major controversy. Although the medical examiner had ruled that his cause of death was suicide committed by hanging, others have viewed the circumstances around it as too convenient. Many have been also speculating that Epstein was murdered in order to protect the secrets of powerful individuals in government.

But with Judge Torres dismissing the case, members from the XRP community have started raising questions. Besides, others have been speculating that the judge is part of the cover-up and working to protect the government’s interests.

Thus, the XRP community members fear that in such a case, Judge Torress would likely give a ruling in favor of the SEC against Ripple, that XRP is an unregistered security.

Attorney John Deaton Refutes Claims

Amid all the current developments, CryptoLaw founder Attorney John E. Deaton refuted the claims that Judge Toress is working for the “deep state”. In his tweet on Sunday, March 5, attorney Deaton stated that the claims are “absolutely not true”. He wrote:

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People are reading this entirely wrong. People read that Judge Torres dismissed the case two guards who falsified records related to Epstein and then make the crazy leap that Judge Torres is part of the deep state and will thus decide in favor of the SEC. Absolutely not true.

The Attorney has been also representing thousands of XRP holders as a friend of the court. Mr. Deaton added Judge Torress only dismissed the case as the prosecutors reached a plea deal with the guards.

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It’s currently difficult to say in whose favor the Ripple vs SEC case would tilt. It is very unlikely that blockchain startup Ripple cannot win this case. Ripple General Counsel Stuart Alderoty has already mentioned that the company would immediately appeal the case in case the court rules in favor of the SEC. Alderoty is also expecting the case to end soon by the end of this month.

Earlier this year at the WEF 2023 summit in Davos, Switzerland, Ripple CEO Brian Garlinghouse sounded optimistic about the developments. He also spoke about the odds of Ripple winning the case against the SEC this year.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.


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