- John Deaton warns about confirmation bias among lawyers after Judge Torres’ ruling that XRP is not a security.
- The critics initially believed in a clean victory for the SEC.
- Doubts are raised about the government’s potential to prolong the legal process.
John Deaton, a prominent pro-XRP lawyer, has raised concerns about confirmation bias prevailing among analysts and legal experts following the recent court decision that XRP is not a security, as had been alleged by the U.S. Securities and Exchange Commission (SEC).
Deaton observed a notable increase in confirmation bias among individuals analyzing the case, including renowned lawyers with diverse perspectives. The critics represent those who initially predicted an absolute victory for the Securities and Exchange Commission (SEC) based on arguments such as the SEC’s unbeaten record in crypto cases. Deaton said these individuals are now predicting that the ruling may be overturned or reversed by the Second Circuit.
Since Thursday, when the @Ripple #XRP decision by Judge Torres was released, we’ve witnessed a heightened level of confirmation bias from many people analyzing the Torres decision, including…The post Critics of XRP Ruling Now Predicting Possible Reversal, Says Deaton appeared first on Coin Edition.
The post Critics of XRP Ruling Now Predicting Possible Reversal, Says Deaton appeared first on Coin Edition.