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Also Read: Pro-XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards advertisement SEC To Opt For Settlement? Pro crypto attorney, James Murphy aka MetaLawMan stated that there are several options that US SEC can consider. However, he expects that the commission might file a request for an interlocutory appeal within the next 2 weeks. He highlighted that this can happen as no final judgment has been presented yet. However, the SEC didn’t have the unilateral right to appeal as of now. A request by the commission would require permission from Judge Analisa Torres and the 2nd Circuit Court of Appeals in order to move ahead with an interlocutory appeal. As per the attorney, there is no such specific deadline for the initial request but it needs to be done promptly. He suggests that if Judge Torres agrees to the request then the commission would get the 10 days to head towards the 2nd circuit. Read More XRP News Here… ...

XRP Community Corrects Politician For Calling XRP A Security Pro- XRP lawyer John E. Deaton took to Twitter citing a tweet by Republican Jane Adams, who called XRP a security mentioning only the institutional sales part of Judge Torres’ landmark ruling in the Ripple Vs US SEC lawsuit. advertisement He said someone needs to inform Jane Adams that Bitcoin sold as a security in the Shavers case in 2013 does not make Bitcoin (BTC) a security. Similarly, Ripple leveraging XRP in a securities transaction to institutions doesn’t turn XRP into a security. “All one needs to do is read the plain language of the Torres’ Decision to know the truth: XRP is NOT a security. It’s the circumstances surrounding the sale of the underlying asset that dictates whether an investment contract exists.” Another lawyer Bill Morgan also explained to Jane Adams that sales of XRP to institutions are securities as these are investment contracts in the T...

Also Read: Ripple Powering Top Indian Bank’s Digital Rupee Project advertisement 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.” Recommended Articles ...

Also Read: Will Mark Cuban Speak On Crypto Before US Senate? advertisement In the Ripple Vs SEC lawsuit, as many as 16 companies filed an amicus curiae. The XRP community is awaiting the all important Summary Judgement from Judge Analisa Torres. Coinbase Lawsuit Amicus Curiae: More Users To Join? The main agenda behind attempting to gain amicus status is to help make user voices heard while the Crypto exchange is defending itself in the lawsuit. Since asking for user details for amicus curiae on June 9, Deaton managed to unite around 1,500 users so far in the Coinbase lawsuit. The attorney reiterated, “This isn’t about helping Coinbase . It’s about speaking up if you believe these regulators aren’t protecting you or you don’t want their type of protection.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Up...