What if the SEC Fails to Request Reconsideration Before October 13th?
Ripple VS SEC lawsuit is revolving around the probable rollout of the summary judgement for quite a long time. Previously, the SEC was ordered to hand over the documents related to William Hinman to Ripple, wherein the ex SEC in an event said Ethereum (ETH) was not a security. Finding it irrelevant, the SEC had objected to disposing of the documents, which was turned down.
The SEC has been deliberately encouraging uncertainty within the cryptospace by flaunting most of the orders given by the court. Mainly due to the fact that the documents are considered very crucial as they show Hinman’s personal opinion.
Moreover, if the SEC produces the documents, the Ripple vs SEC lawsuit may end in the next 90 days, as claimed by a 3rd party attorney for Ripple, John Deaton. While the Ripple SEC case is about to reach its destiny, what can be expected in the next 90 days?
A well-known personality, HASHR Ventures, rolled out the upcoming important dates of the case from the documents of the Defense lawyer, James Filan.
The blockchain enthusiast listed out the upcoming events of the Ripple vs SEC case, to which the defense lawyer replied that if the SEC had to request a reconsideration, it would be on or before October 13th, 2022.
Further, when asked whether the decision of the Summary Judgement is in the Judge’s hands after December 12, 2022, Filan replied that it may be considered immediately after the briefing is completed on November 15.
“ Technically, it’s in Judge Torres’s hands and she can start work on it on November 15th because that’s when the briefing is complete.” “Those things due after that relate to sealing issues regarding what will be public and what will remain sealed, but not the substance of the motions,” he said.
Further, when asked whether the Summary Judgement may occur before the sealing, James Filan replied negative.
Collectively, the end game for Ripple vs SEC lawsuit appears to be fast approaching as the SEC has no more acquisition left. On the other hand, Ripple is not much impacted by the case and continues to grow in terms of expansion and development of its ecosystem. Therefore, with the advancement in the case, the XRP token could also be relisted in the US-based exchanges which may uplift the XRP price before the next bull run.