In the Ripple case, the judge has ordered the U.S. Securities and Exchange Commission (SEC) to disclose former SEC official William Hinman’s documents. This development has attracted significant attention as these documents are considered crucial in determining whether there was regulatory bias against Ripple and XRP, possibly indicating corruption.
Renowned lawyer Fred Rispoli, who supports cryptocurrencies, has commented on the situation, expressing his belief that the summary judgment ruling is nearing completion. While Rispoli does not expect any major surprises in the ruling, he finds the decision to unseal Hinman’s emails noteworthy. He sees both positive and negative aspects in this outcome, as a complete victory for Ripple could have eliminated the need for these documents. Rispoli believes that the chances of either Ripple or the SEC winning outright are low, but the tone of the ruling seems favorable to Ripple, raising hopes for the upcoming summary judgment. Echoing Rispoli’s viewpoint, legal expert Jeremy Hogan suggested that the language used in the order indicates that a significant portion of the Order on Summary Judgment may already be drafted. Hogan speculates that this could imply either a win or loss for Ripple, while still allowing for potential victories on different grounds. This ambiguity suggests that even if Ripple loses, XRP holders could still come out as winners. SEC enforcement specialist Mark Fagel agrees with Rispoli’s assessment, considering it a well-reasoned evaluation of the situation. However, Fagel remains uncertain about whether this recent development indicates a favorable inclination toward Ripple in the summary judgment or if the court intends to address all relevant issues during the trial.Overall, the analyses of these legal professionals suggest a growing sense of optimism among Ripple supporters, fueled by the perceived pro-Ripple tone of the ruling and the potential impact of Hinman’s sealed documents. As anticipation builds for the summary judgment ruling, the outcome of the case continues to be closely watched by both the cryptocurrency community and market observers.