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Relevance of former SEC official William Hinman documents in other litigations will affect Ripple

The Ripple action, led by the Securities Exchanges Commission (SEC), has the crypto world anticipating the potential summary judgment date with much anticipation. Recall that legal professionals had predicted that the case might be resolved in the first quarter of 2023.

Several legal experts are making predictions about the case’s potential result and the verdict’s overall impact on the cryptocurrency industry in the interim. According to the most recent development, pro-XRP attorney John Deaton stated in a tweet on March 19 that the contentious Hinman documents will finally be made public despite the SEC’s resistance.


Regardless of the ruling by presiding judge Analisa Torres, Deaton asserts that the records about former SEC official William Hinman will be made public. He pointed out that the judge would use the records as the basis for her decision, referring to them as “judicial documents” and ordering their unsealing.

“Regarding the Hinman emails and speech drafts: the SEC has requested for them to remain sealed, even after Judge Torres’ ruling on summary judgment. I believe the emails and speech drafts will be made public at some point, regardless of Judge Torres’ decision on whether to seal,” he said.

Significance of Hinman records in other legal proceedings

The lawyer said the records are important because they might be needed in other lawsuits, such as the one against Dragonchain. Importantly, Dragonchain is an ERC20 token subject to ongoing legal action and controlled by the Ethereum network. Deaton predicts that Dragonchain will try to get its hands on the emails and drafts to fortify its defense.


Deaton previously criticized the SEC for what he called an “error” in including Ripple executives Chris Larsen and Brad Garlinghouse in its case. Deaton stated that rather than pursuing people who were not directly responsible for the alleged securities violations; the SEC should have focused all of its attention on Ripple.

Stuart Alderoty, the chief legal officer at Ripple, had applauded the court’s decision on the “Daubert” petitions amidst rumors about the case’s result. In the decision, the judge partially denied and granted each party’s motions to exclude expert witnesses.

However, American attorney Jeremy Hogan had previously asserted that judge Torres might have already resolved whether XRP is a security. Recall that the SEC sues Ripple for selling XRP coins without obtaining the regulator’s authorization.

XRP continues to post increases that align with the general market price movement as the cryptocurrency community turns its attention to the case’s outcome. At the time of publication, the price of XRP was $0.4325, with daily gains of roughly 13%.

relevance-of-former-sec-official-william-hinman-documents-in-other-litigations-will-affect-ripple

XRP/USD 4-hour chart | Source: TradingView

Around $21.87 billion is the coin’s market capitalization at the moment. Overall, XRP has seen a boost in capital inflow over the previous week, with the weekly chart showing a value top of $20.3 billion.

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