The Wolf Of All Streets Ripple Case Delayed Again! Judge Denies Fast Ruling | Crypto Town Hall
May 16, 2025
John Deaton, a lawyer deeply engaged in the SEC vs. Ripple dispute, and Carlo Ratti, a criminal defense attorney specializing in cryptocurrency, join in for a riveting discussion. They delve into the complexities of Ripple's legal challenges and the political biases influencing court decisions. The conversation also highlights government overreach in crypto regulation and the impact of evolving technologies on traditional banking. Plus, they explore the balance between privacy and compliance in cryptocurrency, emphasizing the need for innovative solutions.
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Judge Demands Thorough Justification
- Judge Netburn rejected the SEC and Ripple's request to lift injunction and reduce penalties without detailed justification.
- She demands a substantive brief proving rescinding injunction serves the public's best interest.
Crypto Regulation Still In Limbo
- Crypto laws remain proposal-stage with no major legislative action expected until 2027.
- This legal uncertainty obscures market structure and regulatory clarity for U.S. crypto businesses.
DOJ Memo Limits Crypto Prosecution Scope
- DOJ guidance urges caution prosecuting crypto platforms as money transmitters without clear willful violation evidence.
- Prosecuting software providers risks chilling privacy tech development in crypto.