Crypto attorney John E. Deaton believes the Securities and Exchange Commission (SEC) must admit its mistake in the lawsuit against Ripple before Judge Analisa Torres will consider overturning her recent decision regarding XRP’s classification as a security. Deaton asserts that an admission of error would be crucial to influencing court proceedings, arguing that courts rarely overturn rulings without new evidence or legal errors. He suggests that openly acknowledging their flawed strategy could hold more weight than continued appeals. 2020 saw the SEC file charges against Ripple for allegedly selling XRP as a security, but Judge Torres ruled last month that XRP is not inherently a security. This decision came after Ripple’s legal team argued for a broader interpretation of how tokens are classified under securities laws.