Pro-XRP Lawyer Predicts Ripple-SEC Ruling As Soon As Friday


In
the
legal
battle
between
Ripple
and
the
US
Securities
and
Exchange
Commission
(SEC),
the
XRP
army
remains
on
edge
as
they
await
a
potential
ruling
on
remedies
and
penalties.
The
legal
proceedings
concluded
61
days
ago
with
the
final
regular
filings.
Speculation
within
the
community
is
now
high,
with
members
like
@CRYPTO_hitman
pondering
yesterday
if
the
decision
might
come
as
soon
as
this
week,
tagging
prominent
pro-XRP
lawyers
in
the
community,
including
Jeremy
Hogan,
Bill
Morgan,
John
E.
Deaton,
James
“MetaLawMan”
Murphy,
and
Fred
Rispoli.

XRP
Lawsuit
Could
End
As
Soon
As
Friday

Rispoli

responded
to
the
speculation
with
an
eye-catching
prediction,
stating,
“Earliest
I
can
see
it
happening
is
Friday,
a
day
before
the
year
anniversary
of
the
summary
judgment
ruling.
I’m
still
betting
on
[the]
end
of
July
as
my
personal
prediction.”

How To Get Free Crypto  

Another
pro-XRP
lawyer,
Bill
Morgan,
jumped
into
the
conversation
and
extended
it
to
procedural
details
which
may
act
as
a
roadblock
for
a
final
ruling
on
remedies
and
penalties.
Morgan
inquired
to
his
colleague
about
an
outstanding
motion
that
Judge
Sarah
Netburn
must
rule
on
before
Judge
Analisa
Torres
can
make
a
decision
on
penalties
and
remedies.

“Isn’t
there
an
outstanding
motion
before
Judge
Netburn
that
needs
to
be
decided
first
before
Judge
Torres
can
make
the
decision
on
penalties?,”
Morgan
commented.
Rispoli

clarified,
“Yes,
that
motion
is
still
outstanding
but
there
is
no
procedural
requirement
that
it
must
be
ruled
on
first.
Both
judges
could
confer
and
Torres
could
tell
Netburn
her
ruling
moots
any
need
to
rule
on
the
expert/discovery
issue.”
Morgan
acknowledged
Rispoli’s
clarification
with
a
simple
“Thanks
Fred.”

This
legal
discourse
follows
recent
predictions
by
Rispoli,
as

reported
by
Bitcoinist,
where
he
suggested
July
31
as
a
potential
date
for
the
ruling,
though
he
noted
that
a
decision
might
also
appear
as
early
as
July
13,
aligning
with
the
anniversary
of
a
pivotal

Coinbase Banner  

2023
summary
judgment.
This
previous
ruling
by
Judge
Torres
deemed
that
XRP
does
not
qualify
as
a
security,
a
major
victory
for
Ripple
in
its
battle
against
the
SEC.

However,
as
mentioned
by
Morgan,
there’s
still
a
motion
which
complicates
the
proceedings.
On
April
29,
Ripple
filed
a
“Motion
to
Strike”
new
expert
materials
presented
by
the
SEC,
which
include
declarations
and
exhibits
from
new
expert

witness
Andrea
Fox.

The
outcome
of
Judge
Netburn’s
decision
on
this
motion
could
be
crucial.
If
Judge
Netburn
rules
in
favor
of
Ripple
regarding
this
motion,
it
could
allow
Judge
Torres
to
move
forward
without
needing
further
rulings
on
this
particular
issue.
However,
as
speculated
by
Rispoli,
this
doesn’t
need
to
be
a
roadblock
for
the
final
ruling
on
remedies
and
penalties
in
the
case.
Thus,
a
ruling
could
come
as
early
as
this
week.

The
XRP
price
is
not
reflecting
any
anticipation
or
hype
on
this
speculation.
At
press
time,
XRP
traded
at
$0.43.

FreeBitcoin Banner  
XRP
price
continues
the
downtrend,
1-week
chart
|
Source:

XRPUSD
on
TradingView.com

Featured
image
created
with
DALL·E,
chart
from
TradingView.com

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Author: Jake Simmons


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