The legal dispute between Ripple and the SEC has become a hot topic in the crypto community, with many eagerly awaiting the verdict of U.S. District Judge Sarah Netburn. However, recent tweets from attorney John E. Deaton suggest that despite rumors circulating on social media, the judge has given no deadline for a firm sentencing.
judge ruling indefinitely #ripple and #SEC case, Deaton attorney says https://t.co/qvAZadnBa2
— Kyptos (@azcoinnews) April 2, 2023
In a tweet on April 1, Crypto-Law.us founder Deaton explained that it is uncertain when the judge will make a decision, and it may take another 30 to 60 days. He also clarified that only petitions more than six months pending should be reported on the list submitted to Congress, and that the six-month list does not apply to Judge Torres’ summary ruling.
While some social media users rely on predictions and conjectures from sources like Jimmy Filan, Deaton reminded the community that this is an opinion and not necessarily reliable information. Deaton, however, praised Phelan, acknowledging that his forecast had more merit than most others.
Judge Torres’ ruling in the case between Ripple and the SEC is sure to have a major impact on the crypto industry in the United States. It has the potential to shape the entire landscape of blockchain and cryptocurrencies in the next 5 years or so.
While the community awaits the verdict, it’s important to remember that misinformation can spread quickly on social media. Reputable sources must be relied upon to sift through accurate information and avoid jumping to conclusions until the truth is known.
All in all, Deaton’s tweet is a reminder that the legal process can be unpredictable and that patience is needed while awaiting judgment.
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according to Kyptos