Ripple CTO predicts summary judgment for September, says delay not unusual

Ripple (XRP) CTO David Schwartz said Judge Annalisa Torres will rule on the lawsuit between the company and the U.S. Securities and Exchange Commission by September, according to reports on July 10. predicted that it would drop Tweet.

Schwartz issued the statement in response to complaints from Ripple supporters over Judge Torres’ delay in granting summary judgment. He said there was “nothing wrong, no anomaly, no weirdness” in the delay.

“I know it’s tiring to wait, and we all want a decision on the summary judgment motion as soon as possible, but at least until the end of September, nothing is wrong, unusual or strange. I don’t think it happened.”

Pro-XRP attorney John Deaton also backed up Schwartz’s view. highlight In some cases, Judge Torres took up to seven months or more to decide a case.Diallon Added:

Agree. On Sept. 31, Judge Torres was placed on the six-month hoax judge list for the first time, with her decision pending for more than nine months. I didn’t look at all the cases she had, but I didn’t find any that lasted longer than 9 months (although there were cases that lasted slightly longer than 8 months).

Deaton used to warned Members of the XRP community urged the judge not to contact them, saying such behavior would not bring good results.

Pro-XRP lawyers have also pointed out that those who do will anger the XRP community and be hated more than SEC Chairman Gary Gensler if they influence the outcome of the lawsuit.

Meanwhile, Schwartz’s new forecast differs by several months from that of Ripple CEO Brad Garlinghouse. Garlinghouse said in May that after Judge Torres ordered financial regulators to unseal documents related to former SEC official William Hinman’s 2018 speech, the judge said the decision would be made “within weeks.” expected to make a judgment on the matter.

Since December 2020, Ripple has been embroiled in a legal battle with the SEC over allegations related to the sale of unregistered securities. XRP is trading at $0.474, up 1.7% over the past 24 hours.

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