Ripple CEO Brad Garlinghouse stated in a recent interview with Mukaya Panich, the CEO of SCB 10X, that he expects Rippleโs prolonged legal battle against the Unitedย States Securities and Exchange Commission (SEC) to be over in weeks.ย
Nonetheless, Garlinghouse stated in the interview he expects the court case resolution โin weeks, not months,โ following theย pastย few court news regarding the Hinman emails would be made public.
Itโsย worthย notingย that, John E. Deaton, Managing Partner of the Deaton law company, shared his take on Garlinghouseโs predictions on May 25 on Twitter.ย
The pro-Ripple lawyer informed Garlinghouse: โgood luck with that prediction,โ followed by a laughing emoji. Deaton likewise tagged other prominent lawyers in the tweet, including Jeremy Hogan and James K. Filan.
1 Twitter user requested Deaton why he was being skeptical about the case potentially coming to an end in severalย weeks, to which the legal expert remarked:
โYouโre reading the tweet wrong (or I worded it poorly). I didnโt imply that I was skeptical โ clearly, I agree with him. Iโm making fun that some of us have been off in our predictions, so Iโm saying good luck with his.โ
Theย previousย 30ย days, Deaton said that heโd beย shocked if the case gets resolved thereafter than May 6.ย
Ripple CEO believes lawsuit mayย be over in weeks
As mentioned, Garlinghouseโs comments on a potential resolution timeline come after a recent decision of Judge Analisa Torres to block the SECโs motion to seal the controversial โHinman documents.โย
More inย particular, the documents refer to the securities regulatorโs internal communications involving a speech of previous Division Director William Hinman in 2018, when he stated that Bitcoinย (BTC) and Ethereumย (ETH) were not securities.ย
The copy of the judgment was shared onย Twitterย platform by the previous defense attorney James K. Filan, who was tagged in Deatonโs tweet today.ย
Garlinghouse thinksย that the judgeโs decision to deny the SECโs attempts to seal the documents signifies the broader courtโs sentiment toward the lawsuit.
The documents are expected to be revealed to the public on June 13 โย per the Court Order from September 9, 2022, which indicatedย that both parties had exactly 21 days after the sealing ruling to file public, updated versions of the related summary judgment papers.
