• The lawsuit between Ripple and the SEC has been ongoing since December 2020, with the SEC claiming that Ripple sold its token without registering it as a security.
• CryptoLaw founder John Deaton has suggested reasons why Judge Torres is delaying her ruling on the case.
• Deaton believes that Judge Torres is taking her time to make sure she reaches an informed decision and does not make any mistakes in her summary judgement.
Ripple and the SEC Lawsuit
The lawsuit between Ripple and the SEC has been ongoing since December 2020, with the SEC alleging that the crypto firm executed the sale of its token without registering it as a security. The Ripple (XRP) community has long awaited the case conclusion, predicted to be at the end of March but no date has yet been fixed for a summary judgment.
John Deaton’s Statements on Delay
CryptoLaw founder John Deaton has revealed reasons why Judge Torres holds back on ruling this contentious lawsuit. According to Deaton, Judge Torres is aware of how sensitive and critical this case is for blockchain company Ripple – which he believes is something she had never experienced in her entire career – and thus must take extra precautions to ensure she makes no mistakes in her judgement. He also noted that there had not been a bigger non-fraud case like this one since 1946, suggesting that Judge Torres must take extra care when making her decision as it could have far-reaching implications within U.S digital currency industry regulations.
Patience From XRP Community
Deaton admonished members of XRP community to be patient seeing as how difficult of a decision this is for Judge Torres to make; he believes she might wait another two months before giving out her final verdict so she can carefully consider all angles involved before giving out a ruling against Ripple or defending one in favor of it if necessary.
Implications Of Ruling
No matter which way Judge Torres decides on this case, it will likely have lasting implications within U.S digital currency regulations and beyond; if ruled against Ripple then they would almost certainly take their case up to higher courts while if ruled in favor then other parties could still file appeals against it due to how important such matters are for them too. Thus, regardless of whether we receive an immediate answer or not from Judge Torres, whichever way she rules will ultimately decide what happens next in terms of regulation within U.S digital currency industry moving forward; either way we can expect ripple’s stock price to fluctuate depending upon what happens next going forward at least until then anyway once more information becomes available regarding either party’s respective stances moving forward following any court rulings being made public soon hopefully too eventually anyway eventually hopefully anyway someday maybe? Who knows?!
Conclusion
It remains unclear when exactly we will know more about what happens next here between both parties – especially considering all involved parties want their respective voices heard via whatever means possible – but based upon everything considered thus far from both sides equally we can hope for some news soon enough however long or short amount of time however much sooner or later sooner rather than later hopefully speaking though only time will tell overall though necessarily speaking necessarily obviously speaking naturally speaking naturally indeed surely speaking now still unfortunately anyway overall finally anyway still lastly thankfully finally conclusively speaking conclusively sure enough!