Rumors have surfaced in recent days that a landmark day in the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission could be coming up on Monday, December 5, or even tomorrow, December 2.
At the center of the speculation are the Hinman documents. Ripple has succeeded in forcing the release of these documents as part of the legal battle. According to some legal experts, this may give the company an important bargaining chip against the SEC.
The documents could provide background information on why William Hinman, the former director of the Division of Corporation Finance at the SEC, stated on June 14, 2018, that Bitcoin and Ethereum, but no other cryptocurrency, are classifiable as non-securities.
The speculation is that if Ripple does not mention and publish Hinman as part of its summary judgment response filing, a settlement may have already taken place in the background.
The SEC may want to prevent…
