XRP Lawsuit: Average Time Taken For Summary Judgements?
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Meanwhile, the XRP price recovered very well since the beginning of 2023, clocking the $0.54 level at the end of March 2023. In recent times, the focus in the XRP lawsuit shifted to the Hinman speech linked documents, with many questions raised in the crypto community.
How Long Before XRP Lawsuit Judgement
While it has been about 110 days since the last ruling, the average time taken by federal judges to deliver summary judgements is about 166 days. According to an Analysis on civil case processing in the federal courts by University of Denver,
“For all summary judgment motions, the mean time to rule was 166 days, but the variation across courts was even more pronounced: from a low of 63 days on average in the fastest court to a high of 254 days on average in the slowest court.”
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Therefore, even if the average time taken is considered, the final ruling may have slight chances of delivery within the Q3 of 2023. In this context, a section of the crypto community feels the judge is taking too long to deliver the ruling. CryptoBull commented that the long wait is hurting the people’s confidence in the justice system.
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