The XRP community has been forewarned not to get in touch with Judge Analisa Torres by pro-XRP lawyer John Deaton.
David Schwartz, the chief technology officer of Ripple (XRP), recently made a forecast in relation to the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). In a tweet he sent on July 10, Schwartz stated that he thought the judge will rule on the matter by September.
In response to worries raised by Ripple supporters on the holdup in Judge Torres’ summary judgment ruling, Schwartz made the forecast. He made an effort to reassure them by explaining that the delay was not a sign of any problems and that it was typical for such judgements to take time.
Despite the anger brought on by the delay, Schwartz underlined in his tweet that it would be premature to presume anything was wrong or odd until at least the end of September.
Pro-XRP attorney John Deaton echoed Schwartz’s argument, pointing out that Judge Torres has a history of delaying decisions for weeks or even months at a time. He noted that the judge’s ruling would have been on hold for more than nine months by the end of September.
Deaton warned the XRP community against making contact with Judge Torres, saying that doing so would probably not help the cause. Furthermore, he issued a warning that the community might retaliate if any unethical efforts were made to influence the results.
It is important to note that Schwartz’s anticipated timescale differs from that of Ripple CEO Brad Garlinghouse. Garlinghouse said in May that he anticipated Judge Torres would render a decision “in a few weeks” after she ordered the unsealing of records pertaining to a speech made by former SEC officer William Hinman in 2018.
The SEC accused Ripple of selling unregistered securities in December 2020, which sparked a legal dispute between the two parties. The case has drawn a lot of interest from the cryptocurrency community because of its possible ramifications for how cryptocurrencies are treated by regulators.
According to the most recent trading data, the price of XRP is $0.474 and it has increased 1.7% over the past 24 hours. The verdict in the case could have a big effect on regulatory clarity surrounding digital assets and will probably have a big effect on Ripple.