Ripple Lawsuit: Keep Your Eyes On November 30th
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November 24, 2022 11:39 am
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November 30th could prove to be a momentous day in the ongoing Ripple vs S.E.C. lawsuit.
This marks the date that both sides must submit their summary judgment briefs to the court for review and potential redactions to the material…
At least one experienced litigator believes that what is submitted on behalf of Ripple Labs may strongly indicate whether or not a settlement is coming.
Typically, it is customary for each side to submit evidence to the court before going public with the material.
If Ripple chooses to include the now infamous Hinman documents in their summary brief, it indicates that the fight will continue and likely intensify.
However, if Ripple chooses to exclude the documents from the brief, it is a strong indicator that a potential settlement is likely.
Here are the conditions that Brad Garlinghouse believes would make an acceptable settlement:
Brad Garlinghouse States What Would Make Ripple Accept Settlement in XRP Lawsuit https://t.co/ly4ZYFZMEi
— DJ Peter Vas (30k) (@PeterVas6) November 22, 2022
NEWS UPDATE: XRP lawsuit end in sight. CEO Brad Garlinghouse is optimistic on the outcome. Settlement is expected to avoid exposure of powerful Hinman documents that give Ripple "real leverage." 🔥#CryptoNews $XRP #XRP #XRPArmy #XRPCommunity #XRPNews #Ripple #RippleXRP
— 🥷 Gokhshtein Media (@gokhshteinmedia) November 23, 2022
Attorney Bill Morgan shared his perspective via News BTC:
The Ripple reply may be one of the most telling documents filed in the case to date and certainly one of the top few I have eagerly awaited.
Morgan believes, based on his experience as a mediator, that a settlement agreement between the SEC and Ripple is a real possibility. Further, he noted that a settlement agreement could be reached at any time, without the public’s knowledge. “[N]obody outside the parties will know until the parties say it has settled.”
Seeing pages of redactions is not seeing the Hinman documents. Please tell me the judge isn’t allowing this bs @ripple @s_alderoty @bgarlinghouse https://t.co/3HCWnih2yV
— Digital Asset Investor (@digitalassetbuy) November 23, 2022
Is this confirmed? December 5th Hinman documents are released if no Settlement? https://t.co/49o1yf7N3C
— Digital Asset Investor (@digitalassetbuy) November 23, 2022
ZY Crypto explains:
Prominent legal experts like Rhode Island attorney John Deaton previously agreed that the SEC would rather settle with Ripple than have the Hinman documents used as evidence in court. Notably, Ripple’s general counsel, Stuart Alderoty, has clarified that they will settle immediately and pay a fine if the SEC proclaims that XRP doesn’t qualify as a security.
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