Ripple Vs SEC: Crucial Rulings Awaited In Ripple Lawsuit This Week?

This week, the court might see multiple decisions on:

SEC’s request for reconsideration of the Hinman emails
Garlinghouse’s response disclosing Estabrook Notes from a 2018 meeting between himself and then SEC Commissioner Roisman

Reconsideration of the Hinman emails

SEC requested the court to reconsider its previous judgment regarding a clean draft of a June 14, 2018 speech delivered by Bill Hinman. The commission believes that all such documents are protected by the DPP. However, the judge doesn’t believe so.

What SEC believes is that the court made its decision on a single document which the defendants chose to highlight. While the court didn’t consider the other 67 emails attaching the draft of Hinman’s speech.

Disclosure of Estabrook notes

A ruling on Ripple’s Brad Garlinghouse motion to SEC’s opposition is a much-awaited judgment. It is being termed as a specific piece of evidence in the case after the Two memos.

SEC filed an opposition to Ripple’s motion seeking the disclosure of ”Estabrook notes”. These are the notes from the meeting between former SEC Commissioner Elad Roisman and the Ripple CEO which happened on Nov. 9, 2018, before the commission alleged the XRP token is a security.

The Notes will decide whether Garlinghouse knew that sales of XRP tokens were unregistered securities or not. However, Rulings in the case till now have proven to be a path leading towards deciding the nature of many cryptocurrencies.

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