The Ripple Lawsuit Saga: Crypto Twitter In Uproar As Verdict Delays Raise Concerns

Key Points:

• The prolonged Ripple case raises concerns and controversy among the crypto community.
• Pro-XRP lawyer John Deaton clarifies statements amid criticism.
• Anticipation grows for summary judgment in Ripple vs. SEC case.

The duration of the XRP case between Ripple Labs and the United States Securities and Exchange Commission (SEC) is causing alarm on Crypto Twitter, and Pro-XRP lawyer John Deaton has been caught in the thick of it.

It all started when a Twitter user known as Mr. Huber pointed to a comment made last year by Ripple Labs CEO Brad Garlinghouse.

Garlinghouse had previously said that a decision on the case would be made in weeks. Additionally, XRP lawyer Deaton had said that the litigation would be concluded shortly. Yet it’s been more than a year since that remark, and no judgment has been issued. As a result, Mr. Huber said that there had been some contradictions in the information disseminated to the public.

In answer, Deaton attempted to clarify that he is a regular speaker who may need to be more eloquent. As a result, anybody who cites him out of context does so at their own risk.

Deaton advised Huber to consider every remark he had previously made concerning a potential summary judgment in the Ripple vs. SEC case rather than focusing on a single phrase or statement.

Notwithstanding his prediction of an early summary judgment, the lawyer remembers conflicting summary judgment deadlines set by Judge Analisa Torres.

At one point, the judge presiding over the Ripple vs. SEC case issued a summary judgment along with her famed Daubert finding. On another occasion, her summary judgment decision arrived two months after the Daubert decision.

He went on to cite additional instances where there was a 4-month or 6-month time gap between her summary judgment finding and the Daubert ruling. Moreover, he said that he was startled but not surprised that the litigation lasted beyond June.

It seems that not only the XRP community but the entire crypto community in the world is eagerly awaiting the summary judgment of the famous historical lawsuit in the crypto world. Besides, there is more and more controversy surrounding the Ripple lawsuit as it is still dragging on.

Bill Morgan, a pro-XRP attorney, recently commented on a Twitter discussion between Coinbase’s top legal officer and John Deaton. Morgan emphasized anomalies in the exchange’s handling of assets, like XRP, as the two addressed the Securities and Exchange Commission’s remedial action on Coinbase and the support that the exchange has gotten from financial institutions.

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Harold

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