Legal Experts Express Frustration as Ripple Lawsuit Drags On
The XRP community is growing increasingly frustrated as the SEC’s lawsuit against Ripple Labs continues to drag on without a verdict. @XRPcryptowolf, a member of the community, publicly questioned why Judge Torres is prolonging the decision in Ripple’s favor.
Concerns Voiced by Legal Figures
- Respected attorney and XRP advocate Bill Morgan expressed his frustration with the long wait, highlighting the struggles of his clients who have been waiting over a year for a judgment. He emphasized that all XRP holders are indirectly affected by the lawsuit’s impact on XRP’s value and future.
Rising Support for Amicus
- Attorney John Deaton, a staunch supporter of XRP, revealed that 2,500 potential amici from Coinbase customers have joined the call for the SEC’s accountability.
- Deaton encouraged those unhappy with the SEC’s actions to consider joining the amicus, and even urged them to think twice about Coinbase representing them.
Backing for Coinbase Against the SEC
- Bill Morgan showed his support for Coinbase, despite the platform suspending XRP trading, and questioned their inconsistent stance on other coins and their staking service, both of which have been labeled securities by the SEC.
- Morgan encouraged other XRP community members to follow Deaton’s initiative and acknowledged the significant impact Coinbase’s stance has on the community’s views.
Hot Take
The XRP community’s frustration with the ongoing delay in the Ripple lawsuit verdict is palpable. Legal figures associated with XRP have expressed their concerns, highlighting the long wait and the impact it has on XRP holders. The call for the SEC’s accountability is growing louder, with potential amicus support rising. Bill Morgan’s backing of Coinbase against the SEC, despite their suspension of XRP trading, shows the community’s desire for justice. It remains to be seen how these developments will affect the future of XRP.
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