Ripple Optimistic on Winning the Case Against SEC! What’s in the Hinnman’s Documents?

The post Ripple Optimistic on Winning the Case Against SEC! What’s in the Hinnman’s Documents? appeared first on Coinpedia Fintech News

In a recent update, Ripple received the documents related to Ex-Sec executive, William Hinman, which the company believes to be very pivotal considering the lawsuit. The Ripple executives and the legal team announced it as a huge victory that may expose the SEC very soon. 

Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC’s insistence), I can say that it was well worth the fight to get them.

— Stuart Alderoty (@s_alderoty) October 20, 2022

Ripple co-founders who were confiscated on charges of selling XRP illegally since its inception, now believe to have enough evidence to prove the awful behavior of the SEC. The co-founder Brad Gardlinghoues, referring to this says,

“The SEC wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behaviour here will shock you,”

On the other hand, XRParmy had signed affidavits explaining that they did not expect profits when they purchased XRP. This was further used to file an opposition to the SEC’s motion for the summary judgment by the Ripple lawyers. As per Jeremy Hogan, partner at Hogan & Hogan briefs, there’s a lot to unpack. 

Also, a surprise to me, Ripple is not arguing the Fair Notice Defense but is arguing that the Fair Notice Defense is an issue of fact which should go to a jury trial.

Just…so much interesting stuff going on here!

Where you at SEC? Let’s see your brief!

— Jeremy Hogan (@attorneyjeremy1) October 21, 2022

On the whole, Ripple’s 10-year celebrations are expected to be more joyful with the advancement of the ongoing lawsuit. Moreover, the XRP price is not being impacted even if the company procured Hinman’s documents, which offers more evidence to the contrary of the SEC arguing that the price is influenced by Ripple. 

Collectively, the much-prolonged Ripple vs SEC lawsuit is expected to find closure as the things are getting pretty clear at the moment. 

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