• Ripple vs SEC Case Ruling is expected to be produced any moment from now by Judge Torres.
• Attorney John E. Deaton believes that the ruling could bring clarity on the secondary sales of XRP.
• The possible outcomes include a judgement in favour of either party or else a trial for the lawsuit.
Ripple vs SEC Case Ruling Imminent
Attorney John E. Deaton has put forth his views that the ruling in the US’s SEC lawsuit against Ripple is imminent. In a series of tweets, Deaton responded to queries raised about the timeline of the ruling, as the release of the decision on Daubert’s motions was hinted at as a quick judgment without any delays.
Judge Analisa Torres To Make Decision
In Daubert’s motion ruling, Judge Analisa Torres granted and denied motions from both parties in part. Hence ruling out the possibility of the XRP holders purchasing the tokens with an expectation to gain a huge profit, which was derived from Ripple’s efforts.
Three Possible Outcomes Of The Decision
Either of three outcomes may be framed by Judge Torres: A judgement favouring either party or else sending it for trial if no outcome favours both parties involved.
Clarity On Secondary Sales Of XRP
John Deaton believes that one main takeaway from this ruling could be clarifying details about secondary sales of XRP tokens and their impact on market capitalization and profits for investors if Judge Torres opposes SEC’s claims on this point then it would be considered as a major victory for Ripple.
The final judgement in case of SEC vs Ripple lawsuit is expected to be made soon, whether be in favor or against any party or sending it for trial will clarify many aspects related to secondary sales and profits associated with XRP investors providing further clarity on its legality within US jurisdiction