Following the recent court decision that XRP would not be a security, as had been claimed by the U.S. Securities and Change Fee (SEC), John Deaton, a renowned pro-XRP attorney, has expressed concerns about affirmation bias prevailing amongst analysts and legal advisors.
Deaton saw a significant increase in affirmation bias among those reviewing the case, including well-known attorneys with diverse points of view. The critics stand for those who previously projected a complete triumph for the Securities and Change Fee (SEC) based on justifications such the SEC’s impeccable track record in crypto cases. According to Deaton, these individuals are actually projecting that the Second Circuit may also alter or overturn the decision.
However, those who applauded Choose Torres’ decision and knowledgeable legal experts believe it to be appeal-proof. Deaton argued that, given the trial date set before the appeal, an appellate decision in this case is still two to a few years away. He believes that until then, Choose Torres’ Choice will continue to be the law of the nation.
In response, a US-based Twitter user affiliated with George Orwell expressed surprise that, aside from America, practically every other country recognised XRP as not being secure. Despite a federal judge’s decision supporting the general opinion that it isn’t a safety, some sceptics continue to reject it.
Katie Haun, a former US Justice Department prosecutor, expressed skepticism in a separate conversation over the likelihood of an appeal in the current XRP court decision. One Twitter user responded to this by suggesting that the federal government will undoubtedly utilize its considerable resources to postpone the lawsuit.
Professional-XRP legal bill Morgan joined the conversation as well, highlighting the need of ethical litigation standards for government bodies to prevent needless financial depletion of the opposing party.
