As July rolls on with no decision, will we see a ruling by end of September? Ripple XRP
pointed out a crucial deadline for the ruling in the ongoing Securities and Exchange Commission lawsuit against Ripple Labs Inc. and its executives.that the lack of a decision thus far from Judge Torres is not unusual, adding that he"wouldn't think anything was wrong, unusual, or strange until at least the end of September."
This counters the prediction by Ripple CEO Brad Garlinghouse, who had anticipated a resolution in the first part of 2023. Yet, it is already July, with no ruling in sight. Attorney John E Deaton took to Twitter to outline historical timelines of Judge Torres' rulings on similar cases, in a bid to reassure anxious XRP fans. According to Deaton, there are several cases that have taken Judge Torres seven months or longer to reach a decision. For instance, in the Thor Equities case, the waiting period has been equivalent. Even in the N.Y. District Carpenter’s fund case, it took Judge Torres over eight months to deliver a summary judgment ruling.
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