Ripple Ruling on Hinman Speech Imminent? Jeremy Hogan Predicts Decision This Week
The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs rages on as the community awaits the summary. The outcome hinges, in part, on the infamous Hinman Speech docs, required to be unsealed by June 6, according to a previous court order, defense attorney James K. Filan says. Could we see a resolution soon?
In a recent Tweet, Jeremy Hogan, a partner at the legal firm Hogan & Hogan, said that he believes the ruling on the Hinman emails will be made this week. He feels so confident in his prediction that many in the XRP community are holding their breath.
The Hinman Speech: A Key Piece of Evidence for Ripple
Hinman stated in his speech that Ethereum (ETH) is not a security. Ripple considers the speech a key piece of evidence to prove the ambiguous legal regime for crypto in the U.S. – which even the SEC seemingly struggles to define. Access to these documents is crucial for Ripple's defense.
Judge Torres Praised by Jeremy Hogan
While the wait continues, a recent ruling led Pro-XRP Attorney Jeremy Hogan to applaud Judge Analisa Torres as ‘The People’s Judge’. Judge Torres ruled on public access to the Hinman documents, a decision widely celebrated by the XRP community. In short: Pro-XRP Attorney Jeremy Hogan has praised Judge Analisa Torres for her ruling to deny the US SEC motion to seal Hinman Speech documents in the ongoing Ripple case.
The Hinman speech contains critical insight into how the SEC views cryptocurrencies and whether they fall under the classification of securities. The speech argued that Ether wasn't a security as of the date it was given.
What Does the Ripple/SEC Ruling on Hinman Speech Mean?
A favorable ruling for Ripple regarding the Hinman documents could significantly impact the trajectory of the case. It could expose potential inconsistencies in the SEC's arguments and strengthen Ripple's defense that XRP should not be classified as a security. Stay tuned for updates as the week progresses!