• Ripple vs SEC lawsuit appears to have reached its finale, as a ruling is expected to be produced any time from now.
• Attorney John E. Deaton believes that the ruling in the US’s SEC lawsuit against Ripple is imminent.
• The court could either produce a judgement favouring the SEC or Ripple or in the least case if the ruling does not come in favour of any, then the lawsuit could be sent to trial.
Ripple vs SEC Case Ruling
The Ripple vs SEC lawsuit appears to have reached its finale, as a „ruling“ is expected to be produced any moment 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.
Possible Outcomes Of The Ruling
Judge Analisa Torres granted and denied motions from both parties in part when it came to Daubert’s motion ruling; this ruled out any possibility of XRP holders buying tokens with an expectation to gain huge profits derived from Ripple’s efforts. However, three possible outcomes could arise: if court produces a judgement favouring either party or sends it for trial if none are favoured by court’s decisions.
Main Takeaway From The Ruling
John Deaton believes that one main takeaway should come out of this ruling- clarification on secondary sales of XRP tokens- which could be seen as massive victory for Ripple if Judge opposes claims made by SEC on this issue..
As per attorney John E. Deaton’s views, it looks like we may soon witness a conclusion coming out in favour of either sides soon enough. The main takeaway being clarification on secondary sales of XRP tokens which may turn into a major win for Ripple depending upon what decision Judge Analisa Torres makes after hearing both sides out carefully in her courtroom