Bitrabo Editorial
The legal battle between Ripple Labs and the SEC has been intensifying lately. Ripple CEO Brad Garlinghouse has stated that he expects a court decision “in weeks, not months” while pro-XRP lawyer Jeremy Hogan has predicted that the mid-July verdict will be a significant ruling for the case. Hogan’s analysis, while not a prediction, points to a pattern that has emerged in the case, suggesting that the outcome may be decided in the upcoming weeks.
Ripple Case Nears Climax
While it is essential to recognize that Judge’s decisions will be based on the case’s merits and not any predetermined timeline or pattern, the timing of the ruling is noteworthy. If Hogan’s analysis is accurate, it could provide insight into the timeline for the final judgment in the case. The outcome of the Ripple case is closely monitored by the cryptocurrency industry and could have significant regulatory implications.
Hinman Speech Documents Could Work Against the SEC’s Allegations
A recent ruling by Judge Sarah Netburn has granted Ripple Labs access to documents related to a speech given by former SEC official William Hinman. The SEC initially argued that the speech was not guidance to the market, intending to have Hinman sign an affidavit stating that the speech was only his opinion and not guidance. However, Judge Netburn ruled that the speech was discoverable and not covered by the deliberative process privilege.
As the case unfolds, the Hinman speech documents are likely to be closely scrutinized by legal experts and cryptocurrency enthusiasts. The ruling granting access to these documents could be a turning point in the case, and Ripple could use them as evidence to mount a successful defense against the SEC’s allegations.
Featured image from Unsplash, chart from TradingView.com.