Claim BonusRipple SEC Lawsuit Settlement Incoming With Hinman Docs Delay?
Crypto Market News: The XRP community is wondering whether the one week extension for filing unredacted versions of cross motions including the Bill Hinman emails is related to a larger plan as part of the Ripple Vs SEC lawsuit. Earlier on Friday, Ripple and the SEC filed a Joint Letter for one week extension to file the documents citing the voluminous nature of the materials. The Court’s recent order denying the SEC’s request to seal the Hinman documents itself sparked a debate in crypto market on whether this development could prepone the Summary Judgement.
Also Read: Will Central Banks Utilise XRP Via Ripple’s CBDC Platform?
Settlement Possibility
In the joint letter to Judge Analisa Torres, the two parties sought to file the documents by June 13, 2023. However, John Deaton, the attorney representing over 70,000 XRP token holders in the lawsuit, said there was no truth to rumors that the SEC was going to settle with the company. He said the SEC, under Chair Gary Gensler, is moving forward full steam in the fight against crypto businesses. Overall, Deaton ruled out the possibility of settlement.
“A lot of comments about whether this delay is for settlement discussions. If the Hinman emails were going to lead to a settlement it would’ve been before they turned them over to Ripple.”
Meanwhile, another US attorney, said the Summary Judgement could come any time, meaning the decision could be preponed due to the Hinman emails order. US attorney Fred Rispoli said the Summary Judgement could almost be ready to go if not 100% ready. He believes that the Summary Judgement ruling is already written, and hence could be delivered anytime. Overall, given the current crypto market conditions and the United States regulatory scrutiny, it makes a very interesting time for the XRP lawsuit Summary Judgement to come until the end of 2023.
Also Read: US Fed, ECB, BOE Officials Calls For More Rate Hikes, Bitcoin Price To Fall?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- China Tightens Stablecoin Rules as Bessent Urges Congress to Pass CLARITY Act to Keep Crypto Lead
- Bitget Launches ‘Fan Club’ Initiative In Bid To Strengthen Community Amid Crypto Crash
- BlackRock Signals More Selling as $291M in BTC, ETH Hit Coinbase Amid $2.5B Crypto Options Expiry
- Is Pi Coin Set for Kraken Listing? U.S. Exchange Adds Pi Network to 2026 Roadmap
- Top 5 Reasons Why BTC Price Is Crashing Non-Stop Right Now
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
- XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k
- Will Cardano Price Rise After CME ADA Futures Launch on Feb 9?
