- Lawyer James Filan tweeted that Judge Torres set a timeline for SEC vs. XRP remedies discovery.
- Jeremy Hogan, an attorney, forecasted that the final briefs in April 2023 could lead to a possible judgment in July.
- Attorney Bill Morgan highlighted that the SEC brief is due before the 2024 XRP Gold Coast Conference.
Earlier today, Attorney James K. Filan stated that Judge Analisa Torres has established the timeline for the “remedies discovery and briefing” associated with the U.S. Securities and Exchange Commission (SEC) vs. XRP case.
Meanwhile, a member of the crypto community on X claimed, “This timeline means no chance an appeal would be issued before mid-2026 by the second Circuit.” Moreover, he emphasized that Judge Torres’ ruling on July 13, 2023, would remain firm for a considerable period.
Lawyer Jeremy Hogan shared that the final briefs due in April 2024 suggested a possible final judgment in July. He highlighted that Ripple remained the sole defendant, indicating that the defense has significantly reduced the case’s scope to just 20% of its original size. He questioned how much of the case would remain by July, emphasizing the importance of hiring top lawyers.
Furthermore, lawyer Bill Morgan noted that the SEC’s brief on remedies is scheduled for submission just nine days before the beginning of the 2024 XRP Gold Coast Conference, hosted by the Wave of Innovation.
Morgan also highlighted that John Deaton is slated to be a keynote speaker at the conference, where there will be valuable insights shared on this aspect of the case. Morgan also speculated on the possibility of the case settling before the conference.
Morgan countered arguments from Bitcoin advocates like ScamDaddy on X (formerly known as Twitter) regarding Ripple’s win against the SEC. Morgan argued that Judge Torres’s Howey Test analysis of XRP gave its supporters an edge in debates against Bitcoin maximalists.
ScamDaddy contended that Torres’s ruling was unclear on whether XRP is a commodity or a security, but Morgan disagreed, saying that the judge stated that XRP by itself isn’t a security. He maintained that the ruling is valid despite the SEC’s ambiguity on XRP’s status, providing a counterargument for XRP holders against Bitcoin maximalists.
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