Attorney Projects When Hinman Docs Will Go Live – Crypto News – Crypto News
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Attorney Projects When Hinman Docs Will Go Live – Crypto News

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3 years ago

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The Ripple community celebrated the latest ruling from Judge Torres in which she denied the motion filed by the United States Securities and Exchange Commission (SEC) to have the Hinman documents that were crucial to the lawsuit sealed from the public. Per the ruling, every interested follower of the case will eventually get to see the contents of the documents and why they have been deemed so relevant.

With the excitement still in the air, prominent defense attorney and former Federal Prosecutor James K. Filan has shared insights into the timeline in which the document can be unsealed by the regulator as ordered. According to him, the provisions of the law demands that the documents be unsealed in the next 21 days.

Going by the date the ruling was passed, this timeline is supposed to correspond to the 6th of June from yesterday’s ruling.

While the anticipation remains high to obtain the documents under dispute, Coingape Reported earlier that the markets regulator still holds the option to appeal the case. Should an appeal be filed depending on how far the commission is willing to drag the case, the chances that the contents of the document will be unveiled anytime soon remains quite low.

Ripple Hoping on Positive Verdict Against SEC

In reality, the celebration of the recent victory over the SEC has sent positive shivers into the broader ecosystem. For months now, discoveries made in the legal brawl between Ripple and the SEC have pushed many legal pundits to project a win for the blockchain payments firm.

While the Hinman document ruling may not necessarily impact the much anticipated summary judgment, the omen appears to be positive at this time. The timeline for the issuance of the summary judgment remains another projection that no one seems to have gotten right thus far.

With the anticipation growing, there have been rumors that the parties may eventually push for a settlement. While this proposition appears attractive, Ripple comes off as though it needed a win in a bid to set a more defined precedent that will benefit old, new and upcoming firms in the digital currency ecosystem.

Benjamin Godfrey is a blockchain enthusiast and journalist who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, LinkedIn

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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