Important decisions are expected at the end of the week in the Ripple vs. SEC

XRP Ripple
  • Fox Business reporter, Eleanor Terrett, has shared what is expected when the next judicial decisions will be given in the Ripple vs. SEC.
  • According to Terrett, there are two key decisions that are expected, in the first instance, “Judge Netburn’s decision on whether Hinman’s emails and documents are under attorney-client privilege.”

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Fox Business reporter, Eleanor Terrett, has shared what is expected regarding the next judicial decisions that will be made in the Ripple vs. SEC.

According to Terrett, there are two key decisions that are expected, in the first instance, “Judge Netburn’s decision on whether Hinman’s emails and documents are under the attorney-client privilege.” Second, “Judge Torres’ decision on the SEC’s motion to seal her opposition to John Deaton’s request to file an amicus brief on agency expert witness Patrick Doody. John Deaton tells me both decisions are imminent and could be made by the end of the week.”

Terrett then leaves the scoop that both news could be released by the end of the week. The SEC has gone to great lengths to keep the emails containing Hinman’s draft speech hidden. The entity seeks to persuade the judge that the documents that were requested by the defendants are protected by the attorney-client privilege, after the court rejected its argument on the deliberate process privilege (DPP).

After the SEC was asked to provide 10 documents to assist the court with its decision, Judge Sarah Netburn held a conference call earlier this month to review the document’s release.

Now, Fox reporters Terrett and Charles Gasparino have indicated that the Ripple lawsuit could ultimately be decided by the speech that former SEC employee William Hinman gave 4 years ago.

By May, Cryptolaw founder John Deaton reportedly asked the court to file an amicus brief to participate in a Daubert challenge involving testimony from Patrick Doody, an SEC expert witness who claimed to understand the factors that led XRP holders to buy the asset. 

The SEC at the time informed the court that it opposed the amicus permit request requested by the XRP holders.

Finally, as reported by James K Filan’s defense attorney. The Ripple defendants have requested that his response to the SEC’s opposition to the amici motion be filed publicly. More, however, the SEC is expected to file its proposed wordings to the defendants’ response on June 23.