Possible extension of the Ripple Fall: CTO comments on the delays in the SEC process

Possible extension of the Ripple Fall: CTO comments on the delays in the SEC process

ripple CTO Jay Clayton has commented on the delays in the Ripple vs. SEC case and explains why the judgment has still not been made. According to Clayton, there is still no reason to worry about the waiting time in the ongoing legal dispute. He emphasized that similar processes in the past usually took seven to nine months. Ripple lawyer John E. Deaton also shared this view and used examples of similar cases that were led by the same judge.

DEATON emphasized that none of the judges Torres led to the response to the response letters took longer than nine months. So if the legal dispute continues beyond September 30th, it would be unusually long. Ripple CEO Brad Garlinghouse had previously predicted a decision in the first half of 2023, which had aroused expectations in the community. Deaton defended Garlinghouse and explained that nobody had a crystal ball to make precise predictions in this case.

DEATON also referred to the large workload that judge Torres is currently exposed to. She has about 500 open cases on her desk, which means a lot of work. It remains to be seen whether Ripple can soon leave the case behind. The crypto community is impatiently waiting for the judgment, since the future legal treatment of all other digital assets is also at stake. In the past, the SEC has already acted against stock exchanges such as Binance and Coinbase.