While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Securities and Exchange Commission (SEC). And the next important deadlines are already looming.
By November 30, both Ripple and the SEC have to file their summary judgment briefs, which will remain under seal for the time being. On December 02, the two parties will meet to jointly discuss the redactions for the court filings.
According to renowned Australian lawyer and crypto enthusiast Bill Morgan, November 30 could be an important date that sets the course for the outcome of the lawsuit. According to Morgan, the documents that will be made public on December 05 could be one of the most revealing documents of the trial.
Morgan believes, based on his experience as a mediator, that a settlement agreement between the SEC and Ripple is a real possibility. Further, he noted that a settlement agreement could be reached at any time, without the public’s knowledge. “obody outside the parties will know until the parties say it has settled.”
According to the attorney, Ripple’s possession of records of Hinman’s speech provides it with strong leverage. In order to keep these documents secret and prevent a broader impact on overall crypto market regulation, the SEC may be forced to settle.
By November 30, both Ripple and the SEC have to file their summary judgment briefs, which will remain under seal for the time being. On December 02, the two parties will meet to jointly discuss the redactions for the court filings.
According to renowned Australian lawyer and crypto enthusiast Bill Morgan, November 30 could be an important date that sets the course for the outcome of the lawsuit. According to Morgan, the documents that will be made public on December 05 could be one of the most revealing documents of the trial.
Morgan believes, based on his experience as a mediator, that a settlement agreement between the SEC and Ripple is a real possibility. Further, he noted that a settlement agreement could be reached at any time, without the public’s knowledge. “obody outside the parties will know until the parties say it has settled.”
According to the attorney, Ripple’s possession of records of Hinman’s speech provides it with strong leverage. In order to keep these documents secret and prevent a broader impact on overall crypto market regulation, the SEC may be forced to settle.