• John Deaton, the founder of CryptoLaw, has revealed the condition he thinks could speed up a settlement between Ripple and the SEC.
• The condition is that the settlement would include an agreement to not disclose any documents received during the litigation of the case.
• However, Deaton adds that such a settlement would not end the public’s pursuit to know the contents of the documents, as other defendants sued by the SEC will, FOIA litigation, etc.
Attorney John Deaton, the founder of CryptoLaw, recently shared his opinion on what may be the catalyst for a settlement between Ripple and the SEC. He believes that if the two parties reach an agreement, it would include an agreement to not disclose any documents received during the litigation of the case.
This would mean that any sensitive documents related to the case would be sealed, with neither Ripple nor the SEC being able to release the documents to the public. However, Deaton notes that such a settlement would not prevent the public from obtaining the contents of the documents. He noted that the SEC may still face other defendants and FOIA litigations, which could potentially lead to the documents being unsealed.
The statement comes in response to a question from a community member, asking if Judge Analisa Torres would soon rule on the Ripple and SEC’s sealing disputes. The question specifically called out the Bill Hinman email documents, which are believed to contain sensitive information related to the case.
Deaton’s statement has sparked speculation that a Ripple and SEC settlement could be on the horizon. If Judge Torres grants the agreement, it could lead to a resolution being reached sooner than anticipated. Of course, at this point, it is impossible to predict what the outcome of the case will be.
Nevertheless, Deaton’s opinion has provided a hint of optimism to those following the case closely. It remains to be seen if the SEC and Ripple can reach a settlement, but the possibility of a resolution is looking increasingly likely.