A judge has reportedly ordered the US Securities and Exchange Commission (SEC) to seal documents of former SEC officer William Hinman in the Ripple case.
This development has received a lot of attention as these documents are seen as crucial in identifying regulatory bias against Ripple and XRP and potentially point to corruption.
Lawyer Fred Rispoli, known for his pro-crypto identity, shared a comment on the situation. The lawyer believes that the summary judgment is nearing completion. The lawyer does not expect the summary judgment to present any surprises. Drawing attention to the Hinman decisions, the lawyer believes that these emails can be useful.
Rispoli believes the odds of a definitive win for either Ripple or the SEC are unlikely, but the tone of the decision seems in favor of the company, raising hopes for the upcoming summary judgment. Jeremy Hogan also supported Rispoli’s views, stating that he believes part of the summary judgment is ready.
Mark Fagel, an SEC enforcement expert, agrees with Rispoli’s assessment and considers it a well-reasoned assessment of the situation. However, Fagel remains unclear as to whether this latest development points to a positive trend towards Ripple in the summary judgment or whether the court plans to address all relevant issues during the hearing.
You can follow the current price action here.