The judge will rule on the Hinman emails this week: XRP lawsuit

Jeremy Hogan expects that court decision on the emails of former SEC official Hinman may come in this week. 

Ripple is a San Francisco-based Fintech company, which provides payment services for small & big businesses globally. Ripple uses its XRP token to facilitate payments under a decentralized medium. In December 2020, The US Securities and Exchange Commission (SEC) initiated a legal fight against Ripple company. According to the SEC agency, Ripple’s native token XRP is a security and it should be registered with the agency. At present, Ripple is trying to show a document, which includes emails of former SEC official William Hinman. Through the document, Ripple’ defensive advocates will prove that statement of former SEC official confirmed that Ripple’ XRP is also not a security.

On 6 July, Jeremy Hogan, a crypto legal expert, informed the XRP community that Judge Netburn will rule on the documents of Hinman’s statement this week. 

Jeremy added:

“I think Judge Netburn will rule on the Hinman emails this week mainly because motions to strike expert witnesses are due next week Tuesday.”

Through the tweet information, Jeremy tried to bring excitement to the XRP token investors amid the huge downfall in the crypto market. 

Ripple company ready with plan B 

No doubt that Ripple is highly confident in the XRP lawsuit but still has some fear in this case because of the stand of the US Securities body. 

Last month, Ripple executive confirmed that the company is ready to expand its business outside the United States if it will lose the case. 

At present Ripple is operating its business in the whole world but its core business operation is active in the US. 

Read also: High inflation increasing high interest in Bitcoin investment: Turkey