Pro-ripple lawyer predicts no trial in ongoing XRP lawsuit
According to John Deaton, a lawyer supporting Ripple, there will likely be no trial in the ongoing XRP lawsuit between Ripple and the SEC. This prediction comes after a federal judge rejected the SEC’s bid to appeal its previous loss against Ripple.
Significant blow to the SEC’s efforts
District Judge Analisa Torres denied the SEC’s request for an interlocutory appeal, which was an attempt to secure an early appeal while the trial involving Ripple’s Brad Garlinghouse and Chris Larson was pending. This decision is seen as a setback for the SEC.
No trial in sight
Deaton firmly believes that there will be no trial in the SEC vs. Ripple case. He cited several factors, including the judge’s previous rulings, lack of convincing evidence from the SEC, and the potential high costs associated with a trial. Deaton also pointed out that the SEC has other legal battles that require its resources.
Possible dismissal without settlement
Deaton suggested that the SEC may choose to dismiss the case against Ripple without settling with the company. This would allow the SEC to focus on other priorities and avoid the drama and expenses of a trial.
Hot Take: No Trial Expected in Ongoing XRP Lawsuit
Based on recent developments and insights from pro-ripple lawyer John Deaton, it is highly unlikely that there will be a trial in the ongoing XRP lawsuit between Ripple and the SEC. The judge’s rejection of the SEC’s appeal and Deaton’s analysis of various factors suggest that a trial is not in sight. Instead, it is possible that the SEC may dismiss the case without settling with Ripple, allowing them to allocate their resources to other legal battles. This outcome would avoid the drama and expenses of a trial, which may not be in the SEC’s favor.
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