John Deaton, the founder of CryptoLaw, who is representing the interests of XRP holders, has shared his thoughts on the delay in the ruling of the US SEC lawsuit against Ripple.
The XRP community has been actively discussing the SEC lawsuit against Ripple on Twitter, with many supporters hoping that Judge Analisa Torres would reach a verdict by the end of March.
However, this did not happen, and John Deaton explained why the judge is taking her time with the case.
According to Deaton, Judge Torres understands the importance of the trial and wants to ensure that she reaches the right decision.
Deaton believes that she is under intense pressure, especially from cryptocurrency companies, and needs to carefully consider all the facts.
The Ripple lawsuit is considered to be the most high-profile non-fraud case with the SEC since 1946, so Deaton doesn’t blame Judge Torres for taking her time.
If the judge rules against Ripple, the company will appeal, and if she rules in favor of Ripple, there must be clear justifications for this decision.
The lawyer urged the XRP community to be patient and reassured them that a decision could take up to 60 days.
In a related development, Deaton suggested that the SEC could also sue billionaire Elon Musk for integrating DOGE payments on Twitter.