Attorney claims Ripple vs SEC verdict may take 2 more months
04/02 08:07
According to Cryptoslate, crypto enthusiasts, developers, and crypto firms eagerly await the Ripple vs. SEC ruling to determine the next direction for the industry. Notably, legal professionals in the cryptocurrency industry predicted that the case would round up yesterday, March 31, following judge Torres’s ruling. But it didn’t happen. Instead, the attorney representing thousands of XRP holders, John Deaton, has negated the deadline. Attorney Deaton took to Twitter to clarify that March 31 wasn’t a deadline for the judge’s ruling. In his words, there is no certainty of when the judge will decide; it might occur in the next 30 or 60 days. Moreover, if the SEC wins, the U.S. Senators Cynthia Lummis and Kirsten Gillibrand proposed legislation in June 2022 may also push through. Such a law may empower the Commodity Futures Trading Commission (CFTC) to handle crypto derivatives and trading.
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