• The XRP community is currently concerned with the outcome of the lawsuit between Ripple Labs and the US Securities and Exchange Commission.
• Attorney John E. Deaton recently put up a poll on Twitter asking the community what outcome they expect in 2023, and 59% of people said they expected a settlement between Ripple and the SEC.
• Ripple’s latest summary judgment letter does not seem to support the idea that XRP was mentioned in the emails that were part of the Hinman documents.
The XRP community is currently worried about the lawsuit between Ripple Labs and the US Securities and Exchange Commission. This lawsuit has been ongoing for some time, and the community is eager to know what the outcome will be. To gain an idea of what the community expects in 2023, attorney John E. Deaton recently put up a poll on Twitter and the results showed that 59% of people were hoping for a settlement between Ripple and the SEC.
However, Ripple’s latest summary judgment letter paints a different picture. The letter cites 4 pages of the emails, only with two redactions of words. Deaton originally believed that the emails in the Hinman documents could be extremely valuable to Ripple, as it was possible that someone in the email chain might have asked „What about XRP?“. After reading Ripple’s latest briefs, Deaton no longer believes this to be the case, as he doesn’t think XRP was mentioned in the emails, comments or drafts.
If XRP itself had been mentioned in the emails, Ripple’s lawyers would have certainly used this to their advantage. However, since this does not seem to be the case, the outcome of the lawsuit is still uncertain. The XRP community is now waiting for the ruling by Judge Analisa Torres to see if Ripple will be found guilty or if a settlement can be reached in which Ripple will be given a penalty but all XRP sales will be classified as non-security.