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Ripple Lawsuit: Big "Reveal" Nears as John Deaton Shares When Exhibits Would Go Public

Thu, 10/20/2022 - 11:10
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Tomiwabold Olajide
John Deaton shares what public might likely see
Ripple Lawsuit: Big "Reveal" Nears as John Deaton Shares When Exhibits Would Go Public
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In the ongoing Ripple lawsuit, CryptoLaw founder John E. Deaton says hundreds of exhibits have been filed alongside the responses, leaving the question of when exactly or how much will be unsealed.

As reported by U.Today, Ripple and individual defendants have filed a memorandum of law in response to the U.S. Securities and Exchange Commission's motion for summary judgment.

According to the CryptoLaw founder, there are currently 440 exhibits filed under seal. He noted that many of those 440 exhibits have multiple pages, some up to hundreds of pages. He further added that a lot would be made public by Monday as these filings would likely be more than the last ones.

Oct. 24 remains a big "reveal" date as parties are expected to file publicly redacted versions of the opposition briefs.

XRP: Here Are Next Key Dates in Ripple-SEC Lawsuit

Deaton shares what the public might likely see on Monday, Oct. 24, "The public will get to read limited redacted versions of the oppositions only. Unfortunately, the public will not be able to read the 56.1 statements, counter statements, exhibits, deposition testimony, etc., until late December or January."

Other key dates

On Nov. 15, the parties would file summary judgment reply briefs temporarily under seal. Then on Nov. 17, the parties would meet and confer to identify redactions sought by each side in the reply briefs.

Ripple: CryptoLaw Founder Says SEC Seeks to Control Narrative with Term "Crypto Securities"

Nov. 21 is another big date as the parties file publicly redacted versions of the reply briefs. On Dec. 9, the parties are expected to file an omnibus motion to seal all materials relating to the summary judgment motions. Then on Dec. 22, the parties will file oppositions to omnibus motions to seal.

Ripple CEO Brad Garlinghouse recently stated that the lawsuit might see a resolution in the first half of 2023.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.