On Dec. 2 the SEC and Ripple both filed redacted replies to each other’s opposition to motions for summary judgment.
Ripple argued that the SEC failed to prove its supply of XRP between 2013 and 2020 was an unauthorized sale of securities. Ripple ended its submission by stating that the Court should accept the company’s motion and reject the SEC’s.
Besides, Stuart Alderoty – General Counsel of Ripple has clarified that this is the company’s final submission, representing an attempt to ask the Court to rule in his favor.
In an earlier Nov. 30 Twitter thread, former federal prosecutor James Filan said there are just three issues left to resolve in the SEC vs Ripple case.
This includes the summary judgment motions, expert challenges, and sealing issues regarding the “expert reports,” the Hinman documents, and other material relied on by the SEC and Ripple in their motions.
William Hinman’s documents are basically statements referring to his speech at the Yahoo Finance All Markets Summit held in June 2018 where he frankly asserted Ethereum (ETH) is not a security.
James Filan believed Judge Torres will not deal with the three major issues “separately,” but instead she will decide things together, and when she rules on the motions for trial. In summary, a final major written judgment will be given, possibly on March 31, 2023 or slightly earlier than expected.
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