A Twist In XRP Lawsuit Summary Judgment?

A win for Ripple, a loss for the digital asset industry, or a settlement between the US SEC and defendants, every crypto enthusiast is waiting for an outcome in the long running XRP lawsuit. However, an attorney involved in the XRP lawsuit has stated that there is a possibility that the judge can reject both the Summary Judgment.
XRP lawsuit to go for Jury trial?
John Deaton, representing XRP holders (Amicus curiae) in the Ripple lawsuit affirmed that US SEC’s argument around the common enterprise can be a point of interest here. He added that Judge Analisa Torres could deny the summary judgment over this particular argument.
This can lead the Judge to rule out that there is a genuine issue of material facts compared to the existence of a common enterprise. However, then the SEC Vs Ripple lawsuit will go to a jury trial. Meanwhile, it is still difficult to predict the outcome until the Rule 56 facts and the rest of the underlying evidence are revealed.
XRP lawyer highlighted that the commission claims are unconstitutional as they expand the Howey test beyond recognition. However, the SEC in its response to the writ of Mandamus in the XRP lawsuit agreed that the court will decide whether the commission’s theory is valid or not.
SEC over focusing on tokens?
In the last course of action, Deaton mentioned that the application of the Howey test is not difficult to analyze. He added that attorneys involved in Crypto litigation and regulatory policy must get regulators and judges to cease focusing on the token. However, the token itself stands irrelevant to the Howey analysis, the attorney stated.
As per the reports, SEC Commissioner Hester Peirce criticized the other officials for focusing too much on the token.
- XRP Treasury Holdings Hits $11.5B as Nasdaq-Listed Reliance Global Adds $17M in Fresh Buy
- FOMC Minutes, Jerome Powell Speech: Will Bitcoin Recover or Retrace Further?
- “Meme Coin SZN Is Here,” Says CZ As GIGGLE, 4 Price Skyrocket to All time Highs
- CZ’s YZi Labs Commits $1 Billion Builder Fund As Binance Coin Surpasses XRP
- Expert Sees LTC Crashing to $50 Even As Litecoin ETF Approval Reaches Final Stage
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition