SEC v. Ripple: Next decision critical for settlement or “complete victory”

Rick Steves

“[Gary Gensler]’s been advised Ripple could achieve a complete victory. This makes Judge Netburn’s Reconsideration decision even more significant. Only when and if the SEC is forced to turn over the 63 Hinman speech emails (and possibly other notes) will the SEC come to the table (if then).”

Ripple, XRP holders, and the crypto ecosystem await Magistrate Sarah Netburn’s upcoming ruling on the SEC’s motion for reconsideration.

The SEC keeps fighting the production of relevant documents regarding ex-SEC William Hinman’s 2018 speech on Ether.

John Deaton, founder of CryptoLaw and attorney representing 65,000 XRP holders in the SEC v. Ripple lawsuit, has previously said this will be the biggest decision in the case.

63 Hinman emails could bring SEC to the table

The attorney seems optimistic about the outcome of that decision and the upcoming ruling on the Estabrook Notes, as he shared his predictions on Twitter.

“I’m going to go out on a limb and predict Judge Netburn denies the SEC’s motion for reconsideration, affirming her ruling that the 63 Hinman speech emails be produced. I’m also going to predict the Estabrook Notes regarding the meeting w/ Roisman must also be turned over.”

In January, he expressed that among the 63 emails were most likely notes from meetings with third parties, including Ethereum’s Joseph Lubin and executives from ConsenSys and VC Working Group. This amount of evidence could eventually tip the balance in favor of the defendants.

Deaton also pointed out that complete victory is within reach and this motion might be key to bring the SEC to the negotiating table and put an end to the XRP lawsuit.

“[Gary Gensler]’s been advised Ripple could achieve a complete victory. This makes Judge Netburn’s Reconsideration decision even more significant. Only when and if the SEC is forced to turn over the 63 Hinman speech emails (and possibly other notes) will the SEC come to the table (if then).”

XRP community-friendly attorney Jeremy Hogan, partner at the Hogan & Hogan law firm based in Orlando, Florida, has recently predicted that settlement could be around the corner, with his best guess being April or May.

Judge Sarah Netburn will be hosting the next round of settlement talks and, given that she has seen all the documents in camera and if the SEC is “the problem child here”, that could make a big difference, he said. “A good mediator can really work miracles sometimes.”

    Read this next

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    Market News

    Weekly data: Oil and Gold. How they might be affected in the short term?

    This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

    Digital Assets

    BitForex goes offline after mysterious $57 million withdrawal

    BitForex, the Hong Kong-based cryptocurrency exchange, abruptly went offline following a mysterious withdrawal of $57 million from its hot wallets. Blockchain detective ZachXBT was among the first to spotlight this, revealing that BitForex has ceased withdrawal transactions and its team appears to be unresponsive.

    Digital Assets

    Should the largest Bitcoin trade be priced in BTC or USD?

    Three days ago, the Bitcoin network witnessed a staggering transaction of 26,139 BTC, valued at $1.347 billion. This recent transaction contrasts sharply with a notable event from 2011, where 500,000 BTC were moved, then valued at around $1.13 million.

    Market News

    EURUSD volatility abound as more Americans buy houses whilst Europe lags behind

    EURUSD volatility has been on the rise, reflecting contrasting trends between the United States and Europe, particularly in the housing market.

    <