• Ripple vs SEC lawsuit appears to have reached its finale with a “ruling” expected any moment from now.
• Attorney John E. Deaton believes Judge Torres has no choice but to deliver the judgment without delays.
• The main takeaway from the ruling could be a clarification on the secondary sales of XRP, which could be a massive victory for Ripple.
Ripple vs SEC Lawsuit Reaches Finale
The Ripple vs SEC lawsuit appears to have reached its finale, as a „ruling“ is expected to be produced any time from now. An XRP proponent and the XRPArmy representative in court, John Deaton believes that Judge Torres has no choice but to deliver the judgment, as no delays may be expected hereafter.
Attorney John E. Deaton’s Views
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
In Daubert’s motion ruling, Judge Analisa Torres granted and denied motions from both parties in part. Hence ruling out the possibility of the XRP holders purchasing the tokens with an expectation to gain a huge profit, which was derived from Ripple’s efforts.
Either of three outcomes could be framed: The court could either produce a judgement favouring either party or in case neither party gets favour-the lawsuit could be sent to trial.
John Deaton believes that if Judge Torres opposes SEC’s claims on this it would mean massive victory for Ripple