• Experts expect Judge Analisa Torres to make a ruling by the end of April in the lawsuit filed by US Securities and Exchange Commission against Ripple Labs.
• John Deaton, an XRP community attorney believes that the judge is taking her time to analyze each word before issuing her ruling.
• Ashley Prosper, another XRP community member noted that April 27 will be 52 days when Judge Torres ruled on the Daubert motions, hinting that a summary judgment ruling could come any moment from now.
The Ongoing Ripple vs SEC Case
Two years ago, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs for allegedly selling unregistered securities. The case has been ongoing since then with both parties confident of victory.
Legal Experts Predict Ruling Imminent
Experts predict that Judge Analisa Torres will make a ruling by the end of April which could potentially shape up or break down the entire crypto ecosystem. According to XRP community attorney John E. Deaton, Judge Torres is likely taking her time to carefully analyze each word before making her decision as this is one of biggest cases she has ever faced in modern history.
XRP Community Member Calculates Timeline
Ashley Prosper, an XRP community member calculated that it took 52 days for Judge Torres to decide on the Daubert motions and notes that April 27th would mark this period of time since she made her decision on these motions. This hints at a possible summary judgement ruling coming very soon from now onwards.
Pressure Mounts On Judge Analisa Torres
With all fingers crossed, pressure is said to have mounted on United States Southern District Court of New York judge Analisa Torres as this decision will have global implications for trade and finance in many aspects. XRP community attorney John Deaton believes that if no decision comes out late April it would be inconsistent with how she handled similar cases in the past.
Fingers Crossed For A Positive Outcome
The outcome of this case will determine whether or not Ripple can continue operating within legal parameters and thus it is highly anticipated within crypto circles around the world with all eyes set firmly on Judge Analisa Torress upcoming ruling – hopefully next week!