John Deaton, a pro-crypto lawyer and legal agent for XRP investors, has clarified his statement about the SEC’s case against Ripple possibly ending on May 6.
The reason, according to Deaton, is based on a previous case decided by the same judge, Analisa Torres, who issued summary judgment 60 days after her Daubert decision.
XRP holders’ representative discusses why SEC v. Ripple case may end by this date
In US law, this phrase refers to a decision based on a legal rule establishing standards for accepting scientific and expert testimony in court. The Daubert ruling in the SEC’s action against Ripple was to exclude the testimony of SEC witness Patrick Doody, who the agency recruited to assess the motivations of XRP buyers.
Since Doody’s evidence was excluded on March 6, and recent history with this judge suggests that another 60 days should expire, Deaton expects the issue to be concluded by May 6. But, the lawyer quickly emphasizes that he does not consider it a specific date, merely that he would be startled, but not shocked if it occurred.
Nevertheless, based on recent practice, a probable end date of May 6 may provide investors and enthusiasts with insight into when the SEC’s action against Ripple will be settled. Many others, including Ripple CEO Brad Garlinghouse, predicted that things would be resolved in the first half of 2023. Yet, as is generally the case with any court dispute, unexpected delays are always possible.
Read more:
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