Eleanor Terret recently tweeted that two key decisions within the SEC vs. Ripple lawsuit will arrive by the top of the week. She noted that the selections being awaited were: Whether the Hinman emails and docs are privileged and Judge Torres’s decision on the SEC’s motion to seal its objection to John Deaton requesting amicus brief filing.

DA (Defense Attorney) James Filan provided an additional update on the SEC case against Ripple. Filan reiterated “Ripple (The defendants) requested that the SEC file its opposition to the amici motion publicly. Judge Torres is allowing the SEC to propose its redactions to the Defendants’ response by St John’s Night.”

Filan added “Judge Torres said that the SEC will get an opportunity to state whether there’s any information within the response that ought to not be made public with good reason before the Defendants will be allowed to file a public response to the amici motion. She wants to then rule on everything at the identical time after seeing what the SEC wants to be censored ”.

Analysts are gearing towards the top of a 30-month long legal battle since the Securities and Exchange Commission announced on 22 Dec. 2019 that it had filed an action against Ripple Labs Inc. and two of its board administrators, who are significant surety holders, claiming that they offered digital assets securities in an ongoing, unregistered process raising over $1.3 billion through the operation.

Because the case is leaning towards a Ripple victory, experts have strongly reiterated that the ruling will clear the air over XRP’s much-debated nature and a breakthrough in legal proceedings could force the SEC into a settlement and place giant punctuation over the SEC’s stance on cryptocurrency and also the Howey test. there’s no scheduled date for the ruling, meaning the courts could make their decision known at any time. While the crypto winter has sent XRP back to sub-$0.31, a finding in favor of Ripple Lab should prove material for XRP.

Featured image source: The Coin Republic

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