Final Decision in Ripple v. SEC: Lawyers Agree on Final Outcome

Updated: 18 May 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

In a notable development, a judge has issued an order instructing the U.S. Securities and Exchange Commission (SEC) to keep the documents about William Hinman, a former SEC official, sealed in the Ripple.

This decision has attracted considerable attention, as these documents are pivotal in assessing allegations of regulatory prejudice against Ripple and its digital asset XRP. Some observers perceive this development as potentially showing corrupt practices within the SEC.

Legal Experts Provide Analysis on the Ripple and Unsealing of Hinman’s Emails

Lawyer Fred Rispoli has shared his perspective on the current situation, showing that the summary judgment ruling in Ripple is likely approaching its conclusion. While Rispoli doesn’t expect any significant surprises in the ruling, he finds the decision to unseal William Hinman’s emails significant.

#UNSEALED! Victory in unsealing the Hinman Documents in the @Ripple case! Thank you Judge Torres for agreeing that the public should see them. #FOIA #TRANSPARENCY #PUBLICINTEREST #XRPArmy pic.twitter.com/q0HSILTp8R

— Roslyn Layton, PhD (@RoslynLayton) May 17, 2023

Rispoli sees both positive and negative aspects in this outcome, as a complete victory for Ripple could have rendered the production of these documents unnecessary. He believes that the chances of an outright win for either Ripple or the SEC are low, but the tone of the ruling appears to favor Ripple, which raises hopes for the upcoming summary judgment decision.

Legal expert Jeremy Hogan, echoing Rispoli’s sentiments, suggests that the language used in the order shows that a substantial portion of the Order on Summary Judgment may already be drafted. Hogan speculates that this could imply either a win or lose for Ripple, while allowing for potential victories on other grounds. This ambiguity suggests that even if Ripple were to lose, there could still be positive outcomes for XRP holders.

SEC enforcement specialist Mark Fagel agrees with Rispoli’s assessment, considering it a well-reasoned situation evaluation. However, Fagel remains still determining whether this recent development shows a favorable leaning towards Ripple in the summary judgment or if the court intends to address all relevant issues during the trial.

Victory for Transparency in Ripple vs. SEC Lawsuit as Unredacted Hinman Emails to Be Made Public

Ripple CEO Brad Garlinghouse celebrated a recent win for transparency in the Ripple vs. SEC lawsuit. The court ruled that unredacted emails from former SEC official William Hinman would be made public. The lawsuit focuses on whether XRP should be classified as a security.

Ripple argues against this, stating that XRP should have different regulations. The disclosed emails could illuminate the SEC’s internal discussions and perspectives. Other notable decisions include denying the SEC’s request to seal Hinman’s speech documents and rejecting Ripple’s motion to seal references linking revenue to XRP sales.

The court also denied third-party motions to redact identities and trading platform names. This victory has boosted investor confidence, with XRP seeing a 7.1% increase. While the legal challenges continue, this development could significantly impact perceptions of the SEC’s allegations and cryptocurrency regulation.