MEXCXRP Lawsuit Might Not End In Settlement; Here’s Why
The global crypto community is eagerly waiting for a final ending in the long running XRP lawsuit. Meanwhile, the court is yet to produce a Summary Judgment in the case. However, XRP holders’ lawyer has dropped his prediction over what could be the end of the Ripple Vs SEC lawsuit.
XRP lawsuit to face settlement?
Attorney John Deaton, Amicus Curiae dropped a Twitter poll for the users to see what they think about the result of the XRP lawsuit. Around 60% of the voters believe that it is going to be a settlement. However, XRP lawyer doesn’t believe the same.
Deaton stated that a year ago he believed that a settlement was likely as the US SEC wasn’t surrendering its assertion over the Hinman speech drafts and Emails. However, the commission gave up its claim and submitted the docs to Ripple and Defendants.
Now, the XRP lawyer believes that the XRP lawsuit will get a decision from Judge Analisa Torres.
Is Hinman Docs the key?
In the Attorney’s opinion, if these emails were very valuable to Ripple and could damage the SEC then the commission would have settled before turning over them. However, that Didn’t happen and now Ripple is citing the Hinman emails in its opposition briefs.
The SEC has even asked the Judge to seal the Hinman doc and it is now up to Judge to decide whether these emails and docs would become “judicial documents”. The judge can order the SEC to file these memos to be filed on the public docket with some redactions.
He added that there is a healthy chance that Judge Torres will not rely on the Hinman Emails or drafts in the ruling and accept the SEC’s appeal. The Judge has already implied that these memos stand relevant only to cross impeachment.
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial
- Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge
- Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
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.
