Ripple V SEC: Settlement Coming Soon?

We recently reported on the imminent release of the Hinman emails to the public.

This was a major win for Ripple Labs, as the emails and documents indicate that attorneys and regulators within the SEC believed that there was ‘reasonable’ doubt as to whether XRP could be labeled a security.

While the documents will soon be made public, both Ripple and the SEC have asked for a brief extension to make the contents of the Hinman emails available.

The new deadline both parties requested is June 13. 2023.

This has led many investors, speculators, crypto enthusiasts, and even pro-XRP attorneys to speculate whether a settlement is likely to materialize in the coming weeks:

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. IMO, the SEC has accepted that the Hinman emails are eventually going to be made public. https://t.co/Plo9Vw4ER7

— John E Deaton (@JohnEDeaton1) May 19, 2023

I know many people hope I’m wrong b/c they want this over. I’ve been wrong before and I hope I’m wrong now. Hell, I’ll jump up and celebrate being wrong. But Gensler is moving forward full steam. How can he agree #XRP is not a security but sue coinbase claiming the others are?

— John E Deaton (@JohnEDeaton1) May 19, 2023

Smells like settlement talks are ongoing in the @SECGov vs @Ripple lawsuit. 👏 https://t.co/q7pa4k8gSi

— Rob XRP ☀️ (@robxrp1) May 19, 2023

Daily Hodl writes:

The delay in the ongoing lawsuit has sparked speculations that the SEC and Ripple are possibly using the time to hammer out the details of a settlement.

However, pro-XRP lawyer John Deaton believes that the unsealing of the Hinman documents is unlikely to stop the SEC from seeing the case through to its conclusion.

 

XRP lawsuit: Ripple and SEC need more time. Dragging it out is their strategy. Clearly, a huge settlement is coming, but when?

— Mr. Gas (@MrGasBTC) May 20, 2023

REMEMBER A WHILE BACK WE WERE TOLD BY XRP LEGAL MINDS . THAT EACH PARTY HAS THERE LEGAL TEAM FIGHTING to win THE LAWSUIT

They also each have legal settlement teams working on potential settlement terms & issues as well 🎯 https://t.co/vz7REPZ3xq

— SPEAKING OUT (@MarkBas83036774) May 19, 2023

ZY Crypto echoed other outlets in the speculation:

Meanwhile, following this week’s events, the possibility of public access to these documents has added fuel to the speculation about a potential settlement between Ripple and the SEC.

“Whiff of settlement talks – since this is a joint filing.

The SEC does not want the Kraken released here… Still feels most like a mutually beneficial delay to work on settlement,” tweeted long-term Ripple supporter Hugh Breslin.

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