SEC Appeal Won't Hurt XRP Market Says Pro-XRP Lawyer

John Deaton, a lawyer supporting XRP, has assured XRP holders that if the US Securities and Exchange Commission (SEC) appeals a recent court decision, it won't greatly affect the XRP market. 

After the judge ruled that selling XRP tokens on exchanges doesn't make them securities, there were concerns about what would happen if the SEC challenged this decision.

Deaton, who represents over 75,000 XRP owners, discussed the possible outcomes and difficulties of enforcing the judgment. He explained that the SEC has shown interest in reviewing the Ripple case decision in its recent filing against Terraform Labs CEO, Do Kwon.

According to Deaton, the appeal process could take more than two years. During this time, the current judgment would still apply.

Stuart Alderoty, Ripple's chief legal officer, joined the debate about the SEC's control over tokens. He believes that the SEC should only have power over securities. 

On July 13, Judge Analisa Torres ruled that XRP tokens sold on retail digital asset exchanges aren't securities. However, Ripple was still found guilty of breaking securities laws when selling XRP to large institutional buyers.

To conclude, Deaton thinks that the current judgment will still stand during any appeal process, which would be good news for XRP and its owners. The argument about the SEC's authority over digital assets is still going on, with many people calling for clear rules to support a healthy crypto market.