Ripple

Ripple VS SEC Lawsuit May Mark its 2nd Anniversary! Decisions on Summary Judgements May Extend Till November!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Apr 21, 2022

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While the XRPArmy was pretty sure, the judgement may roll out pretty soon and in favour of Ripple, multiple factors may delay the proceedings. And eventually, the Ripple VS SEC case may also celebrate the successful completion of 2 years of its inception. In a recent update let out by a popular Defense lawyer, James K.Filan, the proceedings of the lawsuit may carry on until October or November. 

The Defense lawyer in a series of threads that he named ‘SUMMARY JUDGEMENT TIMELINE’ mentions the possible timeline of the briefings. He says that Judge Torres has to complete a very complicated process to complete before the Summary Judgement motions are filed. And hence Mr Filan believes the case may go longer than anticipated. He explained the process in detail and eventually says that the briefing may begin not before June. 

He further states that the deadline to file the motion may be extended until July or August and then all the briefing may be stretched until October or November. As the reason, the Hinnamn’s issue is still being looked at and is yet to be decided, Ripple has moved forward to go for a Summary Judgement. The decision with Hinman’s case may also go hand-in-hand with the summary judgement. 

Referring to the complicated case of Goldman Sachs that involved gender discrimination claims aganist the company where-in the briefing was completed in November last year. Further, the decision was issued in mid of March this year and hence the lawyer believes that the Ripple vs SEC case may take more time than expected. 

“The point is this is a complicated case and it will continue to take time – more time than we want” 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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