The Ripple community has received many unrevealed facts regarding the ongoing lawsuit with the United States Securities and Exchange Commission (SEC) for discussion.
The Hinman emails that Judge Torres has ordered the SEC to make public have provided the community with a new set of permutations to consider before the highly anticipated summary judgment.
Given the evidence that some of the market regulator’s staff’s assertions are contradictory and that some of Hinman’s statements in the documents reveal a conflict of interest, it appears that Ripple has a solid chance of winning the case.
Matt Hamilton, a former executive at Ripple Labs, expressed a very unpopular opinion when he stated that despite the apparent fact that Ripple has a chance against the SEC, the likelihood of the SEC winning the case is still relatively high.
Unfortunately, this does not reflect the peculiarities of the United States’ regulatory and legal systems. “We could still be right, but the SEC could still win the case,” he tweeted in response to a question about his opinion of the case’s recent findings.
The lawsuit between Ripple and the SEC has dragged on for more than two years, and despite the release of new updates, the case’s conclusion still seems distant to many community members.
It includes either a Summary Judgment from Judge Torres or a genuine out-of-court settlement between the parties.
John Deaton, the attorney for XRP holders, has stated that the payment likelihood is extremely low.
According to him, if the settlement had been an option for the regulator, it would have been proposed months ago, even before Ripple Labs received the Hinman documents.
The anticipated summary judgment is anticipated to be favorable to Ripple, but due to the element of uncertainty introduced by Hamilton, industry stakeholders may now begin to temper their expectations.