Lawyer thinks settlement between Ripple and SEC possible
Bill Morgan, a well-known attorney, and crypto enthusiast believes that there is a chance that the SEC and Ripple may settle.
SEC v. XRP: Settlement Is Possible as Commission May Not Want to Risk It All, Lawyer Considers
The attorney claims that having access to recordings of Hinman’s speech has given Ripple significant leverage. According to Morgan, the regulator may be disposed to pay to keep this information secret, which would not be possible if the matter were decided in court.
Not necessarily if keeping the Hinman documents confidential is a term of settlement. That is why having them gives Ripple real leverage in settlement negotiations
— bill morgan (@Belisarius2020) November 23, 2022
The attorney added that one of the trial’s most important exhibits could be Ripple’s response to the SEC’s brief in support of the petition for summary judgment, which will be delivered to the case judge on Nov. 30.
Earlier, John Deaton, a well-known cryptocurrency attorney and supporter of XRP, calculated the possibility of a settlement between Ripple and the SEC based on two variables. The first was Ripple’s requirement to get Hinman’s speech from the SEC.
The second was LBRY, a cryptocurrency startup winning a legal battle to have its LBC token recognized as a security. Hinman’s tapes were delivered two months later, and LBRY lost the trial. The former commissioner’s comments, which might reveal potential corruption in the regulatory system and damage the SEC’s reputation, appear essential.
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