He indicated that there would be no settlement before the release of Hinman’s emails.
XXXRP enthusiast founder Attorney John Deaton has pointed to an earlier statement suggesting there would be no settlement of the SEC v. Ripple lawsuit prior to the public release of William HInman’s emails – an official document related to the internal considerations of the commission regarding the Ripple case.
XRP enthusiast fans had previously bought the cryptocurrency, expecting its value to rise in the case of a possible settlement in their favor. Deaton, however, maintained that any legal arrangement between the two parties would take place only after the availability of the email. SEC finally surrendered the emails to Ripple in June of 2020, ending weeks of speculation from all XRP supporters.
Another action taken by Deaton was to encourage the investors to re-stream his CryptoLaw broadcast in order to reaffirm the facts while debunking any rumors ideas of a possible settlement. Back in May of 2021, Deaton speculated that there would be no forthcoming synment until the court finally issued its judgment – a prediction which was eventually abbreviated.
Following the motion from the SEC to block the release of the emails from Ripple, Speculation was rife as to any possible settlement between the parties. Nevertheless, the main expectation of the court denying the SEC’s requested block resulted in the hopefuls purchasing millions of XRP and causing its value to raise momentarily. Eventually, and despite the hope generated by the speculators, when Hinman’s emails were publically made known and no legal outcome in Ripple’s favor was witnessed, the ecstatic prepared has faded narrowly and XRP immediately notified underneath the $0.5 condition.
