Top Crypto Lawyer Reveals New Verdict Date for Ripple-SEC Case

Renowned crypto attorney John Deaton recently tackled the impatience gripping the crypto community regarding the much-anticipated Ripple-SEC case verdict.

Through a detailed analysis of the case’s intricate proceedings, Deaton shed light on the reasons behind the potential delay in the verdict and offered insights into when he believes a ruling will finally be reached.

Behind-the-Scenes View Of The Complex Court Proceedings

At the heart of this case lie the summary judgment motions, a legal maneuver intended to expedite the conclusion of a case without the need for a full trial. Both Ripple and the SEC have filed such motions, setting off a labyrinthine cycle of objections and replies.

With each party’s brief extending over 50 pages, the judge is faced with the daunting task of poring over hundreds of pages of intricate arguments. This review process has been further prolonged by the six-month period allocated solely to the review of the reply brief, which was originally due last December.

Understanding The Intricacies of the Daubert Motion

Adding to the complexity is the Daubert motion, also known as the expert motion, which was filed on March 6th. Deaton meticulously examined previous verdicts from the same judge, highlighting instances where decisions were handed down either concurrently or up to six months after the Daubert ruling.

By averaging the durations of these past cases, Deaton predicted that the Ripple case verdict would most likely be delivered in late May or early June. However, he also noted an instance in which the judge took a full six months post-Daubert to reach a decision, suggesting that the Ripple verdict could potentially be postponed until September, specifically September 6th.

Is Such a Delay in Verdict ‘Normal’?

Dispelling any notions of undue delay, Deaton emphasized that this case is just one among many hundreds that the judge oversees. Given the complexity and significance of the Ripple-SEC case, it is only fitting that it undergoes meticulous examination.

Contrary to speculations, the verdict will not be privately communicated to Ripple or the SEC. Instead, a public filing, akin to previous court proceedings, will officially announce the decision, ensuring that all stakeholders receive the verdict simultaneously.

In response to doubts regarding judicial bias, Deaton staunchly defended the integrity of the presiding judges. He adamantly rejected the notion of “government hacks”—judges who always side with the government—and expressed unwavering faith in the current judicial process.