No deadline for judge’s ruling in Ripple vs SEC case, says attorney Deaton
The ongoing legal battle between Ripple and the SEC has been a hot topic in the cryptocurrency community, with many eagerly awaiting a ruling from U.S. District Judge Sarah Netburn. However, Attorney John E. Deaton’s recent tweets have clarified that there is no set deadline for the judge to make her ruling, despite rumors circulating on social media.
In a tweet on April 1, Deaton, founder of Crypto-Law.us explained that there is no certainty of when the judge will make her decision, and it could potentially take another 30 to 60 days. He also clarified that only motions that have been pending for more than six months need to be reported on a list to Congress, and the six-month list does not apply to Judge Torres’ summary judgment ruling.
While some social media users have been relying on predictions and guesses from sources like Jimmy Filan, Deaton reminded the community that these are just opinions and not necessarily reliable information. However, he did praise Filan, saying “Jimmy is the man” and acknowledging that his guess is worth more than most.
There’s a huge misunderstanding on CT and YouTube. Only motions that have been pending more than 6 months must be reported on a list to Congress. The 6 month list does not apply to Judge Torres’ summary judgment ruling b/c the motion has been pending for a little over 3 months. https://t.co/oAdVeLlAZ2
— John E Deaton (@JohnEDeaton1) March 31, 2023
The ruling from Judge Torres in the Ripple vs SEC lawsuit is expected to have significant implications for the cryptocurrency industry in the United States. It could potentially shape the entire landscape of blockchain and crypto for the next five years or longer.
As the community waits for a ruling, it’s important to remember that misinformation can spread quickly on social media. It’s essential to rely on reputable sources for accurate information and to avoid jumping to conclusions before all the facts are known.
Overall, Attorney Deaton’s tweets serve as a reminder that the legal process can be unpredictable and that patience is required when waiting for a ruling. The community will continue to monitor the situation and await the judge’s decision.
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