The days are numbered when it comes to the release of Judge Torres verdict on Ripple vs. SEC case. Many believe that Brad Garlinghouse’s company will emerge victorious from this long legal journey because of a blunder committed by the American regulator. And if Ashley Prosper Says acquire a minimum of veracity, the scales will tilt even more towards Ripple.
JP Morgan and its scheme with the SEC
John Deaton wanted to play with the card of precision with his confession on when Judge Torres verdict aired in Ripple vs SEC case. And yet, it didn’t really work since there was no specific date. Only information concerning the people to whom the judge will first share her opinion has been provided.
Here is a piece of news that could once again change the game regarding this Ripple lawsuit against SEC. According to bitcoinistAshley Prosper filed an access request on communications between the SEC and JP Morgan in August 2022. This is permitted under the Freedom of Information Act.
Aware that his request was delayed, this XPR community member updated. The goal is to disseminate this information to a large number of people.
According to Prosper, the said ” communications between the SEC and JP Morgan directly prompted the US agency to file a lawsuit against Ripple Labs in December 2020. Jamie Dimon and CEO friends allegedly influenced the Securities and Exchange Commission at the time.
The SEC’s response
But the SEC replied, saying it has tons of cases to process.
” Based on our initial review of the filings, it appears that a large portion of the filings will require us to engage in the SEC’s substantiation process, which involves filings for which confidentiality was requested at the time of their submission. This type of consultation will add approximately 60 days to the review time. “, specifies the American regulator.
Regarding this request, the SEC thinks well publish it within 60 days. But it seems plausible that Judge Analisa Torres has already given her decision long before this publication. Provided for XRP to continue its bullish rally as investors want in the meantime.
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