Ripple Vs SEC Lawsuit: Will the Case End in Settlement or Verdict? XRP Lawyer Predicts Outcome – Coinpedia Fintech News

Amicus Curiae and the lawyer representing XRP holders, John Deaton, took to Twitter to conduct a poll on the final outcome of the Ripple vs SEC lawsuit next year. In the poll, he presented respondents with two possible answers: Settlement or Go to Verdict. 

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At press time, nearly 14,000 different people participated in the poll, and 59.3% of them are keeping their fingers crossed that a settlement would be reached in the Ripple litigation.

After the conclusion of the vote, according to what Deaton has said, he will reveal his forecast for the year 2023. He noted that he would be examining some of Judge Torres’ earlier Summary Judgment opinions before coming to any conclusions about the XRP action. As a result of this, he will be able to obtain some further insights into the judge’s decision.

Latest on the Ripple vs. SEC Case

After early reports suggested the case may be concluded on December 15, the crypto world is still waiting for the verdict in the lawsuit between Ripple and the Securities and Exchange Commission (SEC).

Both sides have now submitted their final briefs, which suggests a resolution is imminent. Defense attorney James Filan disclosed that the SEC had filed a new motion to seal some papers, including the Hinman documents before the final order was issued.

See, the regulatory body is still insisting, for reasons that no one can fathom, that the Hinman documents remain secret. The Hinman documents show that in 2018, SEC Division Director William Hinman declared Bitcoin (BTC) and Ethereum (ETH) to be not securities. The SEC insists that the files are private because they include debates inside the agency.

Interestingly, the presiding judge had already in the past decided against SEC’s bid to suppress the Hinman papers, giving Ripple a modest victory during the hearing. According to Deaton, the verdict will likely be issued in April or May of 2023.

There’s nothing left to do except cross our fingers that Ripple wins. Personally, I hope the provider of crypto solutions doesn’t end up settling.

Photo of Nidhi Kolhapur
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