Ripple Vs SEC: Lawyer Shares Upcoming Biggest Decision In XRP Case

By Ashish Kumar
February 21, 2022 Updated February 21, 2022
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Security and Exchange Commission’s (SEC) approach in the case against Ripple (XRP) has been confusing and questionable. The agency has been allegedly termed as biased towards other coins while handling Ripple Lawsuit. After unveiling the mystery of two memos, a decision over reconsideration of the 63 emails comprising drafts and comments of Hinman’s infamous ETH speech has grabbed the attention of the crypto community.

Lawyer says Hinman’s speech key to the case?

XRP Holders’ attorney John Deaton, believes that Judge Netburn’s verdict on the motion for reconsideration will be the ‘biggest decision’ in this lawsuit.

Previously, the SEC asked the court for reconsidering the Hinman speech which has been referred to as “personal opinion,” which may now be referred to as “public guidance.”Commissions this move has already surprised many experts and crypto enthusiasts.

What will happen if court reconsiders this?

XRP holder’s lawyer explained some possible rulings that can happen and affect the case in some way.

If Judge Netburn ultimately rules that the emails must be turned over, it is HUGE. Don’t forget, even if the SEC persuades her that the emails are covered under the DPP, she can still pierce the privilege and order the documents produced.

Is it XRP vs ETH?

As per John Deaton, XRP and ETH consistently battled for the number 2 spot in the crypto market behind BTC. XRP hit its all-time high above $3 in January 2018 which was 6 months before Hinman’s speech happened.

What are the chances of #XRP not being raised at all in any of the 63 emails?
What are the chances that at least one person in the email chain brought up #XRP?
One person in the email chain could’ve posed a very reasonable question 🙋‍♂️, such as:
“What about #XRP?”, asked Deaton

He shared a video of Attorney Wendy Moore – a partner at Perkins Coie asking a similar question.

It is fair to assume that some query around XRP would have come up in the string of e-mails.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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