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Ripple lawsuit expected to conclude this year

John Deaton, the founder of CryptoLaw and a supporter of the blockchain, responded to a tweet by saying that he had changed his mind on whether the Hinman emails made a settlement in the Ripple-SEC lawsuit impossible. William Hinman, a former SEC employee, claimed that Ethereum wasn’t security in a presentation from 2018.


In October, Ripple declared it had the much sought-after Hinman emails after extensive haggling with the SEC. John Deaton thinks a court decision is more likely than a settlement because the requests for summary judgment and to exclude expert testimonies have both been thoroughly briefed. Deaton recently tweeted that the Hinman emails may prevent the Ripple case from being resolved.

According to him, “Judge Torres has implied that the Hinman emails, drafts, and comments are relevant only for purposes of cross-examination or impeachment. I don’t believe they are as damaging as people (including me) once believed. If they were, I believe the case would’ve settled by now and the emails wouldn’t have been turned over to Ripple.”

The majority of the XRP community — up to 59% — believes the case will be settled. Some market commentators also opine that the case might settle. In his 2023 predictions, Miles Deutscher predicts that the XRP court case will come to an end this year. “After long and drawn-out proceedings for the last couple of years, I expect a final resolution. It’s likely to come to an end via a settlement. Remember, a win for XRP is a win for crypto,” he wrote.

Deaton asserts that a settlement might occur for any cause aside from the Hinman emails. Deaton stated in tweets, “The only other reason for Gensler to settle is to avoid a ruling setting a bad precedent for the SEC as it goes against other tokens. But, to be honest, I just don’t think he’s too worried about it. There’s been a push for the CFTC to oversee crypto so that Gensler may roll the dice.”

He said, “”In sum, unfortunately, I think a settlement with Ripple is not in Gensler’s mindset. I don’t believe he’s going to settle and publicly agree that ongoing and future XRP sales, including in the secondary market, are non-securities. And Ripple won’t settle unless the SEC so agrees.”

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