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There is no clear timeline for when Judge Analisa Torres will give her ruling, but Ripple executives generally believe it will come in the year’s first half.
Attorney John E. Deaton has indicated that the ruling in the United States Securities and Exchange Commission Case (SEC) against Ripple could take two months longer.
The CryptoLaw founder, who represents thousands of XRP holders in the case as a friend of the court, let this slip in a tweet yesterday. It came in response to the latest filing from Ripple in the legal battle spanning over two years.
As reported today, Ripple has filed a supplemental letter in support of its fair notice defense, citing a U.S. Supreme Court ruling from the end of last month. Deaton, explaining that the latest filing was necessary as the recent ruling could have implications for the Ripple case and strengthen its fair notice defense, noted that Judge Analisa Torres could give her verdict at any moment, or it could take two months longer.
“Judge Torres could possibly file her decision at any moment (or it could be 2 months longer),” the attorney wrote. “The point is: this isn’t a decision from a federal district court or even an appellate circuit court. This is a U.S. Supreme Court decision decided on February 28, 2023 – 4 days ago.”
Recall that Ripple’s General Counsel Stuart Alderoty had also expressed that the ruling could come soon. However, he hinted at a decision as early as the end of the month.
There is no clear timeline for when Judge Analisa Torres will give her ruling, but Ripple executives generally believe it will come in the year’s first half.
As recently highlighted by Alderoty, the case could have one of three outcomes. The court could side with the SEC or Ripple or send the case to trial, citing disputed facts. The Ripple Attorney has asserted that Ripple would appeal in the case of an SEC victory.