The Ripple vs SEC lawsuit has come to a very crucial point. Judge Analisa Torres has granted and partially denied the defendant’s request to seal exhibits in SEC vs Ripple. Advocates believe that the lawsuit could become more interesting for Ripple with big rulings in the case. Attorney Jeremy Hogan, a proponent of Ripple, took to Twitter to give a major update regarding the ongoing lawsuit.
He wrote, ‘There’s only one major takeaway from this Order on the Ripple v. SEC case, Judge TORRES is getting ready to take over. The next couple of months will be very interesting with all the major rulings that are being teed up!
There’s only one major takeaway from this Order on the Ripple v. SEC case:
Judge TORRES is getting ready to take over.
— Jeremy Hogan (@attorneyjeremy1) February 3, 2022
Investors turn bullish as the case takes another turn
Meanwhile, Judge Analisa Torres has ordered three documents to unseal. These are- 172-1, the notice of Brad Garlinghouse’s deposition in the SEC formal investigation, 179-4, a Chris Larsen email string, and 179-5, a Brad Garlinghouse email.
Court denied Ripple’s request to seal Legal Memos provided to Chris Larsen and briefing associated with those memos and granted Ripple’s request to file Sur-Reply to the SEC’s Motion to Strike the Fair Notice Defense tweeted Filan.
On June 7, 2021, Ripple filed the motion to submit a Sur-Reply regarding the SEC’s Motion to Strike and attached the Proposed Sur-Reply. Below is the original motion and the proposed Sur-Reply. Thanks to @freddyriz for the reminder.https://t.co/hCaSqO67lo
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 3, 2022
John Deaton, the attorney for the XRP Holders in the case, said Judge Torres’s rulings are a great sign for his clients.
“What these rulings clearly show is that Judge Torres favors public disclosure. Ripple can’t seal certain documents (i.e., legal Memo). The same applies to the SEC. Think ahead! We may ultimately get to see the 63 Hinman emails!” John said
XRP jumps more than 8%
XRP’s price has been between the price range of $0.60 and $0.63 for more than ten days. However, the coin surged more than 8% to trade at $ 0.676 at the press time.
Dark Defender, a crypto analyst, has suggested that Ripple’s XRP can go up by 30% to touch the price level of $0.90.
#XRP formed a symmetrical triangle in the 4H Chart. Please keep an eye on the $0.59 support. He wrote if this is maintained, XRP can touch $0.75 – $0.90 in 5 days.
Hi there all. #XRP formed a symmetrical triangle in the 4H Chart. Please keep an eye on the $0.59 support.
IF this is maintained, XRP can touch $0.75 – $0.90 in 5 days
Supports: $0.59, $0.51
Resistances: $0.63, $0.75
— Dark Defender (@DefendDark) February 4, 2022