XRP Case: When Will Judge Torres' Decision Be Announced?
The XRP case is followed with great interest in the crypto market and speculations about the possible outcome of the case are rapidly increasing.
In the case between Ripple and the US Commodity Futures Trading Commission (SEC), delays have sparked several discussions in the XRP community.
Investors are waiting for a time frame for when Judge Torres will announce his decision in the case. In the process, pro-XRP lawyer Fred Rispoli shared some insights into why the verdict was delayed.
Yassin Mobarak, the founder of Dizer Capital and a well-known name in the crypto world, expressed his disappointment with the long resolution phase in the XRP case.
Mobarak stated in a post that most legal issues have already been decided and that he found the long delay in the solutions phase “strange”. These comments reflect growing impatience among those in the XRP community who are eagerly awaiting the outcome of the case.
The delay aroused concern and curiosity in many people. Investors want to understand the reason for this prolonged uncertainty, and many questions are raised in the process.
Uncertainty remains as the crypto community debates the implications of the lawsuit on the future of XRP. There is a variety of speculation as to the reasons for the delay, causing increasing concern in the community.
Pro-XRP lawyer Fred Rispoli suggested that the delay could be due to innocent reasons or “potentially shady” factors. Rispoli stated that logistical issues such as holidays and heavy workload could cause these delays.
However, the lawyer also stated that more complex legal factors may also be at play. This creates deeper uncertainty about the course of the case and heightens community concerns.
Rispoli explained that Hakim Torres and Netburn were likely addressing an expert issue that had already been discussed. It is stated that this issue will not affect Torres’ decision.
Rispoli’s comments fuel ongoing speculation about the cause of the delay. The XRP community is eagerly awaiting the outcome of the case, and in this process, various predictions are made as to when the decision will be announced.
Speculations about the outcome of the case had begun, especially with predictions that Judge Torres would make a decision in late July or early August. Fred Rispoli predicted that the decision at the solutions stage would be announced by July 31. However, the fact that no decision was announced on this date increased the community’s curiosity and concern.
Additionally, recent closed-door meetings of the US SEC have sparked rumors about a possible settlement in the XRP case.
However, many market experts rejected claims of an impending settlement in the case between Ripple and the SEC and stated that the case would reach an official conclusion. This increased uncertainty and community concerns regarding the resolution of the case.
In its latest XRP Q2 market update, Ripple expressed confidence that Judge Torres will make a fair decision during the resolutions phase. He also emphasized that the main decision regarding XRP’s security status will not change regardless of the outcome of the case.
The price of XRP fell 2.06% to $0.5042 at the time of writing, and trading volume dropped by more than 26% to $1.39 billion. Crypto has experienced a decline of approximately 21% in the last seven days, while an increase of approximately 16% has been observed in the last 30 days.
This shows that there is a general selling wave in the crypto market and XRP exhibits a fluctuating performance in this process.