Ripple vs SEC Case Ruling to be Produced Any Moment From Now – Says Attorney John E. Deaton
The Ripple vs SEC lawsuit appears to have reached its finale, as a “ruling” is expected to be produced any time from now. An XRP proponent and the XRPArmy representative in court, John Deaton believes that Judge Torres has no choice but to deliver the judgment, as no delays may be expected hereafter.
Attorney John E. Deaton has put forth his views that the ruling in the US’s SEC lawsuit against Ripple is imminent. In a series of tweets, Deaton responded to queries raised about the timeline of the ruling, as the release of the decision on Daubert’s motions was hinted at as a quick judgment without any delays.
In Daubert’s motion ruling, Judge Analisa Torres granted and denied motions from both parties in part. Hence ruling out the possibility of the XRP holders purchasing the tokens with an expectation to gain a huge profit, which was derived from Ripple’s efforts.
However, either of the three outcomes could be framed. The court could either produce a judgement favouring the SEC or Ripple or in the least case if the ruling does not come in favour of any, then the lawsuit could be sent to trial. John Deaton believes the main takeaway from the ruling could be a clarification on the secondary sales of XRP. If the Judge opposes the SEC’s claims on this, it could be a massive victory for Ripple.