Attorney and XRP supporter John Deaton is now outlining when he thinks the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple will arrive at its long-awaited conclusion.
On a new episode of Real Vision Crypto, Deaton was asked whether he sees the summary judgment for the case to happen by March 31st.
Replies the attorney,
“I don’t see it happening before March 31st, but it is possible because the judge is very aware. She granted us amici status. She knows that there are tens of thousands of holders, and there have been 17 amicus briefs filed in this case, so it’s very possible, but you have millions of pages of documents that have been filed. She’s going to go through it. I would say the end of March is the earliest, I fear it could go into April or early May for a decision as well.”
Deaton has played an active role in the ongoing lawsuit, filing an amicus brief on behalf of XRP supporters in opposition to the regulator’s motion for summary judgment.
The SEC sued Ripple in late 2020 for allegedly selling XRP as an unregistered security.
Cardano founder Charles Hoskinson recently said that he has heard rumors that the case will be settled by this Thursday, December 15th.
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