The expected court rulings on XRP could come as early as the end of March. “Twice a year, federal judges submit a list to Congress of motions pending for six months or longer,” he explains.” “The next list is due March 31st” he continues. If Judge Torres does not rule on the pending motions, they must be reported to be added to the 6-month list.”
The court was expected to make some conclusions, according to Ripple CEO Brad Garlinghouse. The Securities and Exchange Commission’s pending motion to strike Ripple’s fair notice defense has yet to be decided by the court. Individual defendants’ motions to dismiss the action have yet to be decided by Judge Analisa Torres (Brad Garlinghouse and Ripple co-founder Chris Larsen).
Ripple and the XRP community are also waiting for Magistrate Sarah Netburn’s judgment on the SEC’s move for reconsideration, which John Deaton has labeled “the largest decision” in the case. “I also expect Judge Netburn’s judgements on the 63 emails and the Estabrook notes (could) come down any day,” said the XRP holders’ lawyer.
Ripple and the XRP community are their keeping fingers crossed while awaiting the next phase of the lawsuit to unfold.
XRP price action
According to CoinMarketCap, XRP was trading at $0.753 up almost 4%, in line with the overall crypto market recovery. XRP is currently the sixth most valuable cryptocurrency by market capitalization, ahead of Terra’s LUNA and Cardano (ADA).
The XRP community appears to be optimistic about the Ripple-SEC dispute, which has been ongoing for more than a year.
According to Fox journalist Eleanor Terrett, SEC personnel appear to be losing faith in the agency’s capacity to win the lawsuit. According to a source close to the SEC, Commissioner Hester “Crypto Mom” Peirce expressed private concerns to the Fox journalist that the SEC would not accomplish the desired result.
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