Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Coinpedia Fintech News on April 03, 2023, 01:19:43 PM
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Many in the cryptocurrency community expected a decision yesterday based on a forecast made by attorney James Filan, who closely studied the case. However, there was no ruling made. The cryptocurrency sector has been on edge as it waits for the court’s decision in the case.
Now, Attorney John.E Deaton has said that there was no deadline for Judge Analisa Torres to issue the decision yesterday. Deaton, who is representing thousands of XRP holders, made this clarification via a thread on Twitter yesterday.
Significantly, the Civil Justice Reform Act of 1990 (CJRA) requires that every district court motion that has been pending for more than six months be listed in a report that is produced semi-annually by the director of the Administrative Office of the United States Courts. But according to Deaton, the Ripple case verdict has only been on hold for a little over three months.
“Only motions that have been pending more than 6 months must be reported on a list to Congress. The 6-month list does not apply to Judge Torres’ summary judgment ruling b/c the motion has been pending for a little over 3 months.”
The ruling may even come the next hour
He stated the outcome might be known in an hour or it might take another 30 to 60 days. He explained that based on prior cases, Judge Torres usually gives her summary judgment decision within a few months following her Daubert/Experts decision.
Early last month, the Daubert motions decision was announced, and it was largely heralded as a triumph for Ripple. Stuart Alderoty, the chief legal officer for Ripple, suggested at the time that the decision had given the defendants more confidence.