The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been closely watched by the cryptocurrency community and investors worldwide. Recent developments have sparked speculation about the potential outcome of the case. Pro-XRP lawyer John Deaton, who has been a vocal advocate for Ripple against the SEC, shared his insights about the ongoing case.
The attorney on Good Morning Crypto, said that if the judge rules in favor of Ripple, the case may come to an end, indicating a victory for Ripple without the need for a jury trial. Conversely, if the judge rules in favor of the SEC, the case could also conclude without involving a jury. However, there is another possibility.
Deaton said that the judge has the discretion to refer certain aspects of the case to a jury for decision. For example, if there are factual questions that need to be answered, such as whether XRP holders entered into a common enterprise or acquired XRP for non-investment reasons, the judge may decide that these questions are best determined by a jury. In such a scenario, the case would proceed to a jury trial.
“I can confirm that there wouldn’t be a jury this year, like the judge’s trial. The calendar has already been determined. You’re probably looking at, you know, the fall of next year.”
If the judge decides to involve a jury, it could significantly prolong the resolution of the case. Given that the judge’s trial calendar for the year has already been determined, a jury trial would likely take place in the fall of the following year. This means that the case may not be fully resolved for another year or more, depending on potential appeals and additional legal considerations.