HAL1000 Posted July 30, 2021 Share Posted July 30, 2021 (edited) Everything in this post, is sourced from Filan Law's Twitter feed, well except for the unhappy face at the end. "Everything I say here is speculation, but based on my experience, I have a different take on what is happening in this case. I don’t think that anyone should expect a settlement anytime soon. The government is not giving up and based on everything I’ve read, Ripple will not give in. I do think that the Hinman deposition went forward. I don’t think Ripple would forfeit that opportunity. Ripple said Hinman has “unique first-hand knowledge about the SEC’s communications with third parties and about the agency’s adoption or approval of his well-publicized speech in 2018 about the regulatory treatment of cryptocurrencies.” If they can find out specifically who he spoke with and what information Mr. Hinman can himself provide” – Ripple can learn information about what the SEC said to market participants that is crucial to Howey, the aiding and abetting charge and the fair notice defense. My take is that Ripple got names of whom Hinman and others talked to and what was said and now Ripple is out there interviewing those people. I also understand that people are mad about the SEC’s actions and inactions after all this time, but in my opinion this case really isn’t about punishing the SEC or anyone else. When a party focuses on hurting the other side, they lose focus on winning for themselves. This case is about winning and making the whole crypto space succeed. If the SEC or anyone else gets hurt in the process, they brought it on themselves. But that’s not the goal. The goal is to clean this mess up and move forward. So I don't think a settlement is coming anytime soon. This is a war. I think we should settle in for the long haul." Edited July 30, 2021 by HAL1000 VanGogh 1 Link to comment Share on other sites More sharing options...
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