• John Deaton of CryptoLaw has shared that a settlement between Ripple and SEC could be reached if a court agrees to seal sensitive documents.
• The documents may still get unsealed by other defendants who the SEC will face, as well as FOIA litigations.
• The question was raised whether Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon, particularly the Bill Hinman email documents.
With the crypto world eagerly awaiting a settlement between Ripple and the Securities and Exchange Commission (SEC), CryptoLaw founder John Deaton has shared that an agreement to seal sensitive documents could spark such a settlement between the two parties. Deaton has previously opined that he expects the case to end with a court verdict.
In a tweet, Deaton said that if there is a settlement, it would include an agreement to not disclose any documents received during the litigation of the case. However, he adds that such a settlement would not end the public’s pursuit to know the contents of the documents. The documents may still get unsealed by other defendants the SEC will face, as well as FOIA litigations.
The inquiry was raised by a community member as to whether there is any chance that Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon. Particularly, the question highlighted the Bill Hinman email documents.
The SEC’s decision to sue Ripple for alleged securities law violations has been met with much criticism from the crypto community. The complaint has put pressure on the Ripple team, who have maintained their innocence from the start. Moreover, this has caused XRP prices to plummet, leading to much speculation about how the situation will be resolved.
At the same time, XRP holders are hoping for a settlement between Ripple and the SEC, as it could result in a significant boost for the digital asset’s price. Deaton’s opinion that a settlement may be reached if the court agrees to seal sensitive documents could be a glimmer of hope for XRP holders.
For now, it’s unclear as to when a settlement between Ripple and the SEC will be reached. However, it’s certain that the crypto community is eagerly awaiting a resolution to the ongoing legal battle.