• John Deaton, the founder of CryptoLaw, has revealed the condition he thinks will speed up a settlement between Ripple and the SEC.
• The condition is that the settlement will include an agreement to not disclose any documents received during the litigation of the case.
• Deaton was responding to a community member’s inquiry as to whether there is any chance that Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon.
Ripple and the Securities and Exchange Commission (SEC) could be reaching a settlement soon, according to CryptoLaw founder John Deaton. Deaton, who has previously opined that he expects the case to end with a court verdict, revealed that such a settlement would include an agreement to not disclose any documents received during the litigation of the case.
This information comes in response to a community member’s inquiry as to whether there is any chance that Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon. The inquiry was specifically in relation to certain documents, known as the Bill Hinman email documents, which have not yet been made public.
John Deaton noted that even if the SEC and Ripple do reach a settlement, this would not put an end to the public’s pursuit to know the contents of the documents. He explained that other defendants who have been sued by the SEC, such as through FOIA litigation, would still likely seek to have the documents unsealed.
Given the current situation, it is clear that any settlement between the SEC and Ripple would likely be contingent on the agreement to not disclose any documents received during the litigation of the case. However, it remains to be seen whether or not such a settlement will actually be reached.
It is also worth noting that the outcome of this case could have serious implications for the future of XRP, the cryptocurrency that is associated with Ripple. If the SEC succeeds in its lawsuit against Ripple, it could mean that XRP is classified as a security, which could drastically impact its price and the way it is traded.
Regardless of the outcome, this case is being watched closely by the entire cryptocurrency industry, as it could have widespread implications for the future of the sector. It is clear that Ripple and the SEC have yet to reach any kind of agreement, but John Deaton’s comments suggest that a settlement may be on the horizon.
Only time will tell, but for now, it is important to remember that any settlement between Ripple and the SEC would likely include an agreement to not disclose any documents received during the litigation of the case. This could significantly speed up the process of reaching an agreement, and could potentially result in XRP reaching a new all-time high.