Pro-XRP Lawyer Forecasts End of Ripple Lawsuit As Rumors of Settlement Swirl
Attorney and XRP supporter John Deaton is now outlining when he thinks the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple will arrive at its long-awaited conclusion.
On a new episode of Real Vision Crypto, Deaton was asked whether he sees the timeline for summary judgment in the case to happen by March 31st.
Replies the attorney,
“I don’t see it happening before March 31st, but it is possible because the judge is very aware. She granted us amici status. She knows that there are tens of thousands of holders, and there have been 17 amicus briefs filed in this case, so it’s very possible, but you have millions of pages of documents that have been filed. She’s going to go through it. I would say the end of March is the earliest, I fear it could go into April or early May for a decision as well.”
Deaton has played an active role in the ongoing lawsuit, filing an amicus brief on behalf of XRP supporters in opposition to the regulator’s motion for summary judgment.
The SEC sued Ripple in late 2020 for allegedly selling XRP as an unregistered security.
Cardano founder Charles Hoskinson recently said that he has heard rumors that the case will be settled by this Thursday, December 15th.
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/AnuStudio/INelson
Credit: Source link
Comments are closed.