XRP and a return to $0.50 could be in the hands of Hinman Docs

The SEC v Ripple Case is moving into wait-and-see mode

It was another quiet session on Saturday, with no updates from the ongoing SEC v Ripple case for investors to consider.

After filing court filings on January 18, the SEC case against Ripple is now in the hands of Judge Torres. Legal experts and the Ripple community expect a ruling by the end of March, though it could be soon, as Judge Torres is well acquainted with the case that began in 2020.

For XRP, the most appropriate outcome would be for the judge to reject the SEC’s summary judgment response and his ruling in favor of the defendants’ response. If the judge rejects both depositions, it may be due to William Hinman’s speech-related documents.

A decision against the SEC’s request to redact the contents of the documents and a jury trial could force the SEC to go down the settlement path.

Speaking from Davos, Ripple CEO Brad Garlinghouse said of the documents related to Hinman’s letter,

“As they go forward, I think you’ll see more like, how can the SEC decide to file a case against Ripple given what they’ve said within their walls.”

As a matter of background, former SEC Director of Corporate Finance William Hinman said that Bitcoin (BTC) and Ethereum (ETH) are not securities. The controversial issue in the letter concerns Hinman’s relationship with Simpson Thacher, who is part of a group promoting Enterprise Ethereum. After leaving the SEC, Hinman returned to Simpson Thacher.

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