John Deaton offers insight into what might hasten Ripple-SEC lawsuit settlement RippleXRP XRPArmy XRPCommunity XRPHolders
In 2021, the SEC filed a complaint against LBRY Inc., alleging that the company offered unregistered securities when it sold"LBRY Credits" to numerous investors. Possibly, the LBRY case could be decided before the SEC's lawsuit against Ripple Labs; thus, the court's findings in the LBRY case could be cited in the Ripple case. The SEC attempted to use a ruling in the LBRY case in the ongoing Ripple lawsuit.
Currently, Ripple awaits a decision by District Judge Torres on privilege issues over the former SEC official documents. If the SEC gets a unfavorable judgment from Judge Torres, defense lawyer James K. Filan predicts that there are chances that the SEC might try to file a motion for certification of an interlocutory appeal to the Second Circuit, which may stretch out the resolution of the Hinman email issue longer than expected.
Based on the decisions to be made and the motions to be briefed, the few months remaining in 2022 may be key in the lawsuit. Attorney Jeremy Hogan predicts that the most"likely settlement timeframe is from now until the end of November because the cards will be on the table."
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