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The ripple lawsuit has one final ruling, Summary judgement. The only other option is an unlikely settlement.

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by COINS NEWS 94 Views

The lawsuit has pretty much come to an end and we are waiting to see how the judge is going to rule on summary judgement. It’s the only thing left in the lawsuit.

The only other possible outcome is a settlement though that seems highly unlikely at this stage.

This lawsuit took so long for 2 reasons, the sec kept requesting extensions and the Hinman emails. The SEC fought tooth and nail to keep these hidden for around a year. The sec would also request extensions on EVERY submission. This would draw out issues over months instead of weeks.

It’s finally at the end. All the in court fighting is done and now it’s summary judgement time. This could come today or a couple of months from now bar an unlikely settlement.

The case outcome will potentially give the sec very broad powers to go after exchanges and cryptocurrencies.

submitted by /u/gronkystonk
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