Attorney Jeremy Hogan believes the next few months could be of interest in the ongoing Ripple-SEC litigation, with all major rulings in the pipeline. Commenting on the Cryptolaw founder's recent Twitter update, the U.S. attorney said this is a key element of Judge Torres' recent order in the ongoing case.
This order in Ripple v. SEC has only one major element.Judge Torres is getting ready to go beyond.
Cryptocurrency Law founder John Deaton explained the recent ruling and what it could mean for Ripple in a series of tweet updates. Defense attorney James K. Filan earlier informed the XRP community of the latest ruling in which Judge Torres ordered the unsealing of three documents related to emails and legal memos from Chris Larsen and Brad Garlinghouse.
The recent ruling also granted and denied, in part, Ripple defendants' motions to seal some of the evidence from the earlier motion.
#XRPCommunity #SECGov v #Ripple #XRP In today’s ruling, Judge Torres ordered 3 documents now open: 172-1, Notice of Brad Garlinghouse’s testimony in the SEC’s formal investigation, 179-4, Chris Larson email string and 179-5, Brad Garlinghouse’s email. These are below.– James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 4, 2022
Judge Torres will open the emails to Larson and the legal memorandum to Ripple to find "unreasonable" reasons to seal them, but will redact Garlinghouse in three documents to preserve "potentially sensitive information" and publicly release some of the documents submitted by the parties. The documents. Finally, Torres will provide Ripple with the opportunity to respond to the SEC's recent motion for a fair notice defense.
Despite the lawsuit, the Ripple effect is stronger
Ripple recently announced a strategic partnership with Modulr, a major UK payments solutions provider, and their joint intention to build a seamless payments system for business and retail users in the UK and Europe.
The San Francisco-based blockchain company also said it has been valued at $15 billion after buying back shares from investors who participated in its Series C funding round. CEO Brad Garlinghouse said Ripple is in its strongest financial position ever, despite its legal troubles with the U.S. Securities and Exchange Commission.
In a recent interview, Garlinghouse predicted that Ripple could eventually go public in the future.