Ripple vs SEC: Ruling on Case to be Produced Any Moment Now!
• Attorney John E. Deaton has predicted a ruling in the SEC vs Ripple case to be released any moment now.
• Judge Analisa Torres granted and denied motions from both parties in part in her ruling on Daubert’s motion.
• The outcome of the ruling could be either a decision favouring the SEC or Ripple, or it could be sent to trial.
Ripple vs SEC Case Ruling Imminent
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.
Judge Analisa Torres‘ Ruling On Daubert’s Motion
Judge Analisa Torres granted and denied motions from both parties in part. Hence ruling out the possibility of XRP holders purchasing tokens with an expectation to gain profit derived from Ripple’s efforts.
Outcome Of The Ruling Could Be Any One Of Three Options
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.
Main Takeaway From The Ruling Could Be A Clarification On Secondary Sales Of XRP
If Judge Torres opposes SEC’s claims on this, it could be a massive victory for Ripple as it would allow XRP holders to purchase tokens with an expectation to gain profit derived from Ripple’s efforts.
The outcome of this case will have major implications for both parties involved and is therefore being closely monitored by those within and outside cryptocurrency industry alike for its impact on crypto regulations across US markets