SEC v. Ripple: John Deaton says Hinman documents will be made public and support defense for Coinbase, Binance – FXStreet

XRP-friendly lawyer John Deaton believes Hinman emails are key to the legal battle between US financial regulator Securities and Exchange Commission (SEC) and payment giant Ripple. Deaton believes that email documents could help cryptocurrency exchanges build their defense to tackle allegations of unregistered securities sale.

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Crypto-friendly lawyer John Deaton expressed the importance of Hinman documents being made public. Deaton told his 250.9K followers on crypto Twitter that there is a 75% possibility of Hinman emails being made public.

The most recent update on the SEC v. Ripple case is that the financial regulator requested for the documents to remain sealed even after Torres ruling on the summary judgment. While Deaton is confident that the speech drafts will be made public at some point, the lawyer tweeted that cryptocurrency exchanges that are likely to be sued by the SEC at some point in the near future will need the documents to build their defense.

Deaton believes that ERC20 tokens governed by the Ethereum blockchain like DRGN will find the documents more relevant than they are to the payment giants defense.

XRP price yielded 53% losses for holders over the past year and nearly 3% decline since March 19. The legal battle between the US financial regulator and the cross-border remittance firm has ensued for over two years with no end in sight.

While XRP holders are awaiting an outcome in the tussle between the SEC and Ripple, Deaton has taken steps to seek the release of the Hinman emails. Deaton filed a Freedom of Information Act (FOIA) request seeking the release of Hinman drafts and expressed his intention to litigate the matter.

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SEC v. Ripple: John Deaton says Hinman documents will be made public and support defense for Coinbase, Binance - FXStreet

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