NewsletterXRP Lawsuit: Lawyer Predicts What Can Eliminate Jury Trial
XRP Lawsuit News: The Ripple Defendants and U.S. Securities and Exchange Commission (SEC) recently filed their Partial Opposition to each other’s Motion to restrain several documents. With this move, both parties are now over with cross motions for Summary Judgment. However, XRP holders’ lawyer in the Ripple Lawsuit has dropped multiple predictions around the case ahead.
Can there be a settlement in XRP lawsuit?
John Deaton, Amicus Curiae in the XRP lawsuit gave out his prediction for the year 2023. He mentioned that the SEC VS Ripple Lawsuit will not be settled until after a decision is drawn from the United States District Court Judge Analisa Torres.
He highlighted that a settlement could after come after the Summary Judgment. However, this would eliminate any potential jury trials ahead. While it is expected to clear any potential appeal.
Earlier, Deaton stated that he believed that a settlement was an option but a year ago. This was just because the commission was proposing different assertions around the Hinman speech related drafts and Emails.
Coingape reported that the SEC gave up its assertions over the disputed document and surrender the memos to the defendants. However, the latest court filing reveals that the commission is still fighting over the same doc and doesn’t want the court to make them public.
More crypto firms to be sued?
Deaton made some more predictions despite the fate of the XRP lawsuit. He speculated that one and maybe more than one crypto exchange will be sued ahead of for selling unregistered securities.
However, on Thursday SEC went on to sue crypto trading groups Gemini and Genesis. The commission alleged Gemini’s crypto lending scheme was not properly registered as a Security.
Meanwhile, XRP holders’ lawyer also predicted that the SEC chair, Gary Gensler might resign before the end of the year.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Expert Predicts Further Downside For Bitcoin As Fear and Greed Index Drops To 10
- Solana and XRP ETFs Attract Fresh Inflows Even as Crypto Market Falls
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- What’s Next for Chainlink Price After 53.87 Million Tokens Accumulated
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
- XRP, DOGE & ADA Price Outlook: How Low Can These Altcoins Drop Next?
