The ongoing case between Ripple and the United States Securities and Exchange Commission (SEC) continues to generate significant interest and speculation within the crypto industry. Legal experts have provided insightful commentary on the potential implications of the lawsuit. As of June 27th, 2023, there have been some notable recent developments. One such development occurred when the lawyer representing numerous XRP holders, John E. Deaton, received an email that initially caused concern. However, it turned out that only one lawyer had withdrawn from the case, which Deaton and former SEC litigator Marc Fagel both confirmed to be a non-event. Fagel had previously suggested that a ruling might be imminent. Another significant development this month was the unsealing of documents related to William Hinman’s speech, which the SEC had been requested to disclose by the court. Ripple’s Chief Legal Officer, Stuart Alderoty, commented on the matter, highlighting the SEC’s enforcement actions and lack of regulatory clarity as evidence of bad faith.
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