Ripple CTO And Deaton Says Hinman Emails Will Be Revealed Inevitably

May 31, 2023 11:36 am Comments

There is a lot of speculation right now regarding how the lawsuit between the SEC and Ripple will end now that there are rumors that the case will soon reach a conclusion.

Attorney John Deaton and Ripple CTO David Schwartz have also shared their thoughts on the case and both mentioned that they believe that the Hinman emails will be exposed eventually.

This is believed to be true even if the SEC decides to settle with Ripple because the public deserves to know the content of those emails.

The importance of that information is overrides any privacy rights that the SEC has due to the fact that it is a critical part for determining the outcome of the case.

This is proven by the fact that Judge Analisa Torres had previously ruled that the emails are considered judicial documents.

Bitcoinist reports:

Notably, Judge Torres’ decision to deny the SEC’s motion to seal the emails and drafts related to Hinman’s 2018 cryptocurrency speech generated considerable buzz within the XRP community.

The court ruling had it that the drafts of Hinman’s speech were scheduled for publicizing on June 13. But despite this ruling, some XRP enthusiasts had speculated that a settlement between Ripple and the SEC might not define the release of these documents.

Meanwhile, in a recent tweet, Mr. Huber stated that John Deaton suggested Coinbase will request Hinman emails in its fight with the US SEC.

Based on that suggestion, Huber opined that Coinbase might be unwilling to get involved with anything connected to Hinman’s emails.

Many other third parties that are interested in the case have also filed for motions to access the Hinman documents.

This was expected given the fact that XRP investors all over the world have been affected ever since the SEC had initiated this lawsuit.

Whether or not the court will order the SEC to reveal the contents in the coming month is still to be determined, but it should only be a matter of time at this point.

Unfortunately, it is also expected that the SEC will use any delay tactics that it has at its disposal in order to prevent this from happening for as long as possible.

Current data shows that the price of XRP has recently surpassed 50 cents once again which indicates strong bullish momentum.

TheCryptoBasic reports:

According to Deaton, the motion filed by Forbes Contributor Roslyn Layton to obtain Hinman’s emails was ruled moot because the documents were being unsealed.

The prominent lawyer asserted that Judge Torres would revisit Layton’s motion if the SEC settles with Ripple and agrees not to release the emails publicly.

Deaton speculates that other media outlets will also file different motions to access the documents.

In addition, the pro-XRP attorney believes other litigants like Dragonchain will still get access to the documents even though Judge Torres denies Layton and other media outlets’ motions requesting access to Hinman’s emails.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.