The SEC and Ripple case continues to progress, albeit slowly. In the process, curiosity about the issues related to the disclosure of important Hinman e-mails and related documents increased. However, there are still many disputes pending in the case. Among the growing uncertainties, Attorney James Filan shared the current calendar of the case.
Is the Ripple Litigation heading in the right direction?
According to James Filan, full information has already been given about the sealing. However, the consequences of these movements have not been fully clarified. The motion must be submitted by September 9, 2022, in order for parts of the exclusion replies to be sealed. Filan added that these objections should be responded to by September 16, 2022.
Meanwhile, the decision regarding the Hinman documents is still pending. The battle over the SEC’s claim regarding DPP and Attorney client privilege is yet to be resolved in the Ripple Case. However, enough information has been given on the subject. Still, the defendants await District Judge Torres’ decision. The lawyer noted that the second circuit has the option of receiving a DPP appeal or petition. Meanwhile, if the SEC loses its claim in court, it’s possible to file an interim appeal. However, this process will naturally take time.
Will the Hinman documents come out?
James Filan says the public is far from seeing the Hinman documents in the Ripple Case. However, it is very difficult to predict when it will be released. Filan adds that he will stick to his predictions about the date of the decision. According to Filan, Judge Torres will draw conclusions from expert motions and summary resolutions around March 31, 2022. However, Filan is skeptical of the disclosure of the Hinman documents regarding the Ripple Case.
cryptocoin.comEarlier, John Deaton hinted that the summary verdict will include a comparison between XRP and Ethereum. However, he hopes it will also include data between early year sales and today’s sales. It is also possible to include direct sales and secondary sales. XRP-friendly lawyer Jeremy Hogan also mentioned something important he hopes to see in his summary decision briefings. To that extent, Hogan wrote:
One thing I would like to see soon in the summary decision briefings is the extent to which Ripple compares between XRP and ETH.
At the heart of the Ripple Litigation is a 2018 speech by former SEC official William Hinman stating that ETH is not a security. Observers say the former SEC official’s speech four years ago will be decisive throughout the case.
According to Ripple, the documents are necessary to show that the company has done nothing wrong. It is also important to show that the SEC arbitrarily chooses winners and losers in the emerging crypto market. In addition, Ripple officials believe that the records, which the SEC wants to keep confidential, will expose the disagreement among the agency’s senior officials over labeling the XRP security and undermine the SEC’s position.
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