XRP Case Update | Judge Torres Calls for Patience Amid Lengthy Delays
The Ripple versus SEC legal battle shows no signs of a quick resolution. Judge Torres emphasized the need for patience, stating she can't rule on the case until appellate court matters are settled, leaving many wondering how much longer this saga will drag on.
Appellate Court Delays
Both Ripple and the SEC face a stalled situation, needing to address appeals before returning to the Southern District of New York (SDNY). Frustration is palpable in community forums. One commenter questioned, "How long is this depicted to take though?" after seven years of proceedings.
"Calm down people - Judge Torres can't make a rulingit's in the appellate courts."
This sentiment indicates widespread impatience. While the legal dispute remains unresolved, people continue to voice their frustrations and concern over its duration.
Ripple's Approach
Ripple's legal team plans to submit new papers soon, sparking a mix of hope and skepticism among supporters. One forum participant jested, "Average XRP enjoyer: furiously smashes keyboard searching 'court rules for remanding.'"
Some comments hint at a broader perspective on the situation, with one user reflecting, "This is by design7 years of this, come on!" Others claim that both Ripple and the SEC may work out their issues simultaneously, with regulatory conversation around stablecoins also stalled.
Community Reactions and Sentiments
Despite the overall frustration, there seems to be a segment of investors maintaining optimism. Comments range from humorous to critical:
"No, they need to refile because it was done under the wrong procedure."
"Judge Torres probably butt hurt for not buying before November 2024"
"Diamond hands don’t care nothing significant will happen before 2030."
The community remains divided, with mixed feelings on handling the prolonged case. Yet, there’s a unified call for clarity amid uncertainty.
Highlights from the Ongoing Debate
✦ Users question the competency of legal teams, given the lengthy timeline.
▽ Amid delays, some believe the stablecoin regulations may impact outcomes.
※ "This is by design, 7 years of this come on" - Voices frustration in forums.
Overall, while the official proceedings are stalled, the community's resolve remains strong, eagerly awaiting news that may change the landscape. Experts suggest that the appellate courts might expedite reviews following new filings from Ripple, sparking hope for clarity by mid-2025.
Historical Comparison
An interesting parallel can be drawn with the Montreal Expos' ownership issues in the 1970s, where prolonged legal matters ultimately led to significant changes. The XRP community may draw comfort from history: sometimes, enduring tough times can pave the way for a brighter future.