Ripple & SEC: Settlement Could Include Agreement to Not Disclose Documents

• John Deaton, founder of CryptoLaw, has suggested that a settlement between Ripple and the SEC could be reached with an agreement to not disclose any documents received during the litigation of the case.
• The documents could still be unsealed by other defendants the SEC will face, as well as FOIA litigations.
• John Deaton was responding to an inquiry as to whether there is any chance that Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon.

Attorney John Deaton, the founder of CryptoLaw, recently shared insight on the potential for a settlement between Ripple and the U.S. Securities and Exchange Commission (SEC). In a tweet, Deaton suggested that if a settlement were to be reached, it would include an agreement to not disclose any documents received during the litigation of the case.

This is a significant piece of news for the cryptocurrency community, as the documents in question could contain information about the SEC’s stance on XRP and the legal proceedings against Ripple. Specifically, the documents in question are the emails between Bill Hinman and Ripple, which could potentially shed light on the SEC’s view of XRP being a security or a currency.

Deaton’s tweet was in response to a community member’s inquiry as to whether there is any chance that Judge Analisa Torres would rule on the Ripple and SEC’s sealing disputes soon. As the documents in question could be critical in determining the fate of Ripple and XRP, the community has been eagerly awaiting any news on the subject.

Unfortunately, even if Ripple and the SEC reach a settlement, it would not necessarily mean that the documents would remain sealed. Deaton noted that other defendants sued by the SEC, as well as FOIA litigations, could still request the documents to be unsealed. This means that the documents may still be made public, even if Ripple and the SEC come to a settlement.

At the moment, it is unclear whether Ripple and the SEC will reach a settlement, or if the documents will ever be unsealed. However, with Deaton’s insight, the cryptocurrency community can now speculate about the potential for a settlement between the two parties. As always, the community will have to wait and see what happens next in the Ripple and SEC saga.