XRP Lawsuit: Attorney Claps Back at Crenshaw’s Dissent Against Dropping the Appeal – What’s Next?

Why Is Crenshaw’s Dissent Making Waves?

SEC Commissioner Caroline Crenshaw’s recent vote against dismissing the XRP lawsuit appeal has sparked outrage from Ripple’s legal team. Attorney John Deaton, a vocal XRP advocate, called the dissent "legally incoherent" in a live Twitter Spaces session. "This isn’t just about Ripple—it’s about the SEC overstepping its authority," he argued, citing the 2023 landmark summary judgment that partially favored Ripple.

The Legal Chessboard: What’s at Stake?

The SEC’s appeal hinges on whether XRP sales constituted unregistered securities offerings. Ripple’s Chief Legal Officer Stuart Alderoty noted that the agency’s own internal documents contradict Crenshaw’s claims. Meanwhile, XRP’s price dipped 3.2% post-announcement (per CoinMarketCap), though it quickly rebounded—proof, say analysts at BTCC, that "the market’s pricing in a Ripple win."

How Does This Affect Crypto Regulation?

Legal experts warn that Crenshaw’s hardline stance could backfire. "The SEC’s credibility is on thin ice after the Grayscale and Coinbase rulings," noted Bloomberg’s senior regulatory reporter Matt Levine. If the appeal proceeds, it may force clearer guidelines for altcoins—something the industry’s been begging for since the 2017 ICO boom.

Ripple’s Counterattack: The "Regulation by Enforcement" Card

Ripple’s CEO Brad Garlinghouse fired back: "This dissent proves our point—the SEC picks winners and losers instead of creating fair rules." The company’s legal filings reveal plans to subpoena SEC emails showing internal disagreements about crypto classification. Talk about drama!

FAQ: Your Burning Questions Answered

What’s the timeline for the SEC’s appeal?

The court must first approve the appeal—a decision expected by late August 2025. If granted, oral arguments WOULD likely occur in Q1 2026.

How is BTCC handling XRP trading amid this?

BTCC continues normal XRP spot and futures trading. "We follow the court’s lead, not political posturing," said their market strategist in a memo to traders.

Could this trigger wider crypto market impacts?

Absolutely. A prolonged case might freeze institutional crypto adoption, while a Ripple win could spark an altcoin rally. As always, DYOR—this isn’t financial advice!