The Ripple vs. SEC Lawsuit: Final Ruling Imminent
The Ripple vs. SEC lawsuit has reached its final phase, and a final ruling is expected soon. The focus of the case is on XRP secondary sales, which hold significant importance. The SEC has accused Ripple of offering XRP as an unregistered security, but it has not clearly distinguished between Ripple’s direct sales and secondary market trading. Attorney John Deaton, involved in the lawsuit as an Amicus Curiae, believes that the issue of secondary sales must be addressed in the ruling. He argues that Judge Analisa Torres should tackle both the nature of XRP and the secondary sales issue, similar to the approach taken in the Telegram Case. Deaton predicts that the final ruling will be delivered on September 6th, after the full six-month period.
Key Points:
- The final ruling in the Ripple vs. SEC lawsuit is expected to be announced soon.
- The focus of the case is on XRP secondary sales and whether XRP should be considered a security.
- The SEC has not clearly distinguished between Ripple’s direct sales and secondary market trading of XRP.
- Attorney John Deaton believes that the issue of secondary sales must be addressed in the ruling.
- Deaton predicts that the final ruling will be delivered on September 6th.
Attorney John Deaton’s Perspective
Attorney John Deaton, involved in the XRP lawsuit as an Amicus Curiae, holds a different viewpoint from other lawyers regarding the potential ruling. He believes that Judge Analisa Torres should address both the nature of XRP and the issue of secondary sales in her decision. Deaton argues that in order to address the secondary sales issue, the SEC’s theory surrounding XRP must be dismissed. Drawing a parallel to the Telegram Case, Deaton suggests that Judge Torres should deliver separate opinions and orders on both aspects.
Attorney Deaton’s Prediction: September 6th
During a live stream, Attorney John Deaton shared his prediction for the final ruling date. He analyzed Judge Torres’ past rulings and found that she issued judgments at different speeds once the Daubert/expert motions were resolved. Deaton predicts that Judge Torres will deliver a summary judgment on September 6th, after the full six-month period has passed. This date aligns with his analysis and the timeline of the case.
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