Scott Chamberlain, former lawyer and co-founder of XRPL’s Evernode, has taken to Twitter to address the concerns of XRP holders regarding the ongoing SEC v. Ripple case.
Former Lawyer of Ripple Says, Great If Verdict Comes in Few Months vs SEC
Scott Chamberlain, the former lawyer and co-founder of XRPL’s Evernode, has utilized Twitter to address the concerns of XRP holders in relation to the SEC v. Ripple case that is ongoing. He acknowledged that many members of the community had expressed dissatisfaction with Judge Torres taking a long time to reach a decision.
However, he stressed that deciding such a complex case in just a few months would be exceptional. Chamberlain pointed out that it is not unusual for courts to take a long time to deliver judgments, citing an example from his local jurisdiction where the Canberra Supreme Court took an embarrassing four and a half years to deliver a judgment, setting an Australian record for the longest wait time.
Chamberlain’s tweet comes at a time when the crypto industry is eagerly awaiting a resolution to the case, which could have far-reaching implications for the industry. At the beginning of the year, there were indications that the matter between the commission and the crypto firm would be resolved as early as 2023.
Even Ripple’s CEO, Brad Garlinghouse, expressed such optimism, predicting that the case could conclude in the first half of the year. However, it is already May, and the matter is yet to be resolved.
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