Documents that would prove whether Ripple, the San Francisco-based cross-border payments firm, sold XRP as an unregistered security, are expected to be unsealed today.
The United States Securities and Exchange Commission (SEC) had accused Ripple of the unauthorized sales of XRP, a crypto asset deemed a security by the SEC.
A lot of crypto analysts and pundits believe that the documents could end the lawsuit earlier than expected. And the contents of the documents seem to be in Ripple’s favor.
Read Also: Attorney Jeremy Hogan States Why Ripple Lawsuit Might Be Interesting in Following Months
In a recent live YouTube session anchored by Scott Powell, COO of Wells Fargo, attorney Jeremy Hogan, who has been a stern supporter of Ripple and XRP since the lawsuit was filed in December 2020, discussed how the lawsuit has gone so far and its possible outcome.
Hogan said there is a lot of pieces of evidence to prove the SEC wrong in the court, but only a few of them have been presented before the Judge.
Jeremy Hogan noted:
“There are 100 pieces of evidence out there and we’ve only seen 5 or 10. So far, the litigation has gone very well from Ripple’s perspective, but I’ve only seen five pieces of real hard evidence.”
The Most Probable Solution is a Settlement
As soon as the documents are officially unsealed, several legal experts such as Jeremy Hogan will be able to give a better analysis in relation to the possible outcome of the lawsuit.
As some investors already prepared for either win or loss, several others, such as Attorney Jeremy Hogan, believe that the lawsuit will end in settlement.
Jeremy Hogan said:
“The most probable resolution is a settlement and that hasn’t changed since the beginning.”
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