Main navigation

XRP Lawsuit: Ripple's Upcoming Court Decisions Might Be Revealed as Soon as End of March, Says John Deaton

Advertisement
Wed, 9/03/2022 - 12:26
XRP Lawsuit: Ripple's Upcoming Court Decisions Might Be Revealed as Soon as End of March, Says John Deaton
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

According to Cryptolaw founder John Deaton, Ripple's expected court rulings might come down as soon as the end of March. The reason, he explains, is ''Twice per year, federal judges submit a list to Congress of motions pending for 6 months or longer." He continues, ''The next list is due March 31. If Judge Torres doesn't issue a ruling on the pending motions, she must report those motions for inclusion on the 6-month list."

Advertisement

As previously reported by U.Today, Ripple CEO Brad Garlinghouse stated that Ripple was expecting some decisions from the court. The court is yet to rule on the Securities and Exchange Commission's pending move to strike Ripple's fair notice defense. Judge Analisa Torres is also yet to rule on individual defendants' applications to dismiss the lawsuit (Brad Garlinghouse and Ripple co-founder Chris Larsen).

The anticipated verdict by Magistrate Sarah Netburn on the SEC's motion for reconsideration, dubbed "the largest decision" in the case by John Deaton, is likewise awaited by Ripple and the XRP community. The XRP holders' attorney says of this, ''I also believe Judge Netburn's rulings on the 63 emails and the Estabrook notes (might) come down any day."

Ripple and the XRP community are their keeping fingers crossed while awaiting the next phase of the lawsuit to unfold.

XRP price action

According to data from CoinMarketCap, XRP was trading up roughly 4% at $0.753 in line with the broader crypto market rebound. XRP presently ranks sixth largest cryptocurrency in terms of market capitalization, ahead of Terra's LUNA and Cardano (ADA).

It seems that optimism remains in the XRP community concerning the Ripple-SEC lawsuit that has dragged on for more than a year.

Fox journalist Eleanor Terrett recently reported that SEC staff seem to be losing faith in the agency's ability to win the case. A source close to the SEC hinted to the Fox journalist that Commissioner Hester "Crypto Mom" Peirce indicated private concerns that the SEC might not achieve the outcome it is looking for.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD