US Judge Analisa Torres, Ripple and the SEC may issue the summary judgment once all motions in its case have been submitted and all anticipated hearings have taken place. While James Filan predicted that Judge Torres would make his decision by March 31 in November 2022, John Deaton underlined that the deadline is not March 31. The cryptocurrency community, on the other hand, remains optimistic, as can be seen from the XRP price.
XRP pro-lawyer Jeremy Hogan made a striking comment on the case. made and caught the attention of the community. In Hogan’s comment, both parties have the option to appeal the decision, which could prolong the case.
SEC Won’t Appeal and Ripple Test with @attorneyjeremy1 pic.twitter.com/gSGL4AxBH3
— Digital Asset Investor (@digitalassetbuy) April 5, 2023
NEWS CONTINUES BELOW
Hogan revealed that Ripple has already outlined what it will do if the SEC wins the summary decision. According to Ripple General Counsel Stuart Alderoty, the company wants to appeal to the second round of the Court of Appeals and even the Supreme Court.
As Koinfinans.com previously reported, the statement was as follows: “If the judge decides in favor of Ripple, I don’t think the SEC will appeal. The reason I say this is because appealing is of no use to the SEC because if the case goes to the Second Circuit in the Court of Appeals and the Second Circuit decides against the SEC, that now becomes a binding precedent.”
CEO Garlinghouse, on the other hand, continues to expect a positive outcome despite the growing uncertainty about the decision in the case. According to Hogan, this lawsuit could put an end to the SEC’s baseless crypto lawsuits because the company is ready for any challenge.
Ripple spent $100 million fighting the SEC. And the situation is pretty good right now. Better than most crypto projects. So this is a situation where what the SEC is doing can be stopped.
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