Attorney claims Ripple vs SEC verdict may take 2 more months

Apr. 1, 2023

By Denis Om.

The SEC vs Ripple case has dragged on since 2020 has attracted global attention.

Crypto enthusiasts, developers, and crypto firms eagerly await the Ripple vs. SEC ruling to determine the next direction for the industry. 

Notably, legal professionals in the cryptocurrency industry predicted that the case would round up yesterday, March 31, following judge Torres’s ruling. But it didn’t happen. Instead, the attorney representing thousands of XRP holders, John Deaton, has negated the deadline. 

No Deadline For The Ripple vs. SEC Case Ruling, Deaton

Attorney Deaton took to Twitter to clarify that March 31 wasn’t a deadline for the judge’s ruling. In his words, there is no certainty of when the judge will decide; it might occur in the next 30 or 60 days. 

Deaton also stated that the Civil Justice Reform Act of 1990 (CJRA) mandates the U.S. Court’s Director of the Administrative Office to prepare a semi-annual report covering the district court motions queued for ruling for more than six months. 

As such, the summary judgment doesn’t fall under the category as it had only been pending for over three months. However, Deaton disclosed that Judge Torres usually issues a summary judgment within months of her Daubert/Expert’s decision. 

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