As Rumors of a Settlement Swirl, a Pro-XRP Lawyer Forecasts the End of the Ripple Lawsuit

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John Deaton, an attorney and XRP supporter, is now describing when he believes the U.S Securities and Exchange Commission’s lawsuit against Ripple (SEC) will reach its long-awaited conclusion.

Deaton was asked if he believes summary judgment will occur by March 31st on a new episode.

Belo the Answer from the attorney:

“I don’t see it happening before March 31, but it is possible because the judge is very aware. We were granted amici status by her. She is aware that there are many holders and 17 amicus briefs have been filed in this case. It’s possible. However, there are millions of documents that have been filed. She will read it. It should be done by the end of March. I am afraid it could take until April or May to make a decision.”

Deaton was active in the ongoing lawsuit and filed an amicus brief for XRP supporters opposing the regulator’s motion for summary judgment.

In late 2020, the SEC sued Ripple for allegedly selling XRP as unregistered securities.

Charles Hoskinson, Cardano founder, recently stated that he heard rumors that the case would be resolved by Thursday, December 15th.

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Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.

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