Mr. Huber, a prominent XRP community influencer, took to his Twitter handle and replied to a very valid question raised by a user.
One of the Twitter users asked Mr Huber, “Do you think that the SEC dropping all of these lawsuits before the judgment summary might appear to be undermining our Judge?”
He replied and said that the longer Judge Torres delays her ruling on the Hinman emails, the stronger the argument becomes that her decision was influenced by public reactions.
Furthermore, he suggested that the delay could contribute to increased confusion, which could be used as an argument stating, “Until June 14, 2023, it was believed that Hinman had a legal basis.”
Mr. Huber wrote, “To clarify once again: Every day that passes between the disclosure of the Hinman emails and the classification of them by a court is a +1 for everyone’s fair notice defense. Something that may make sense to you, but would be a disservice to the credibility of the legislative, executive, and judicial branches.”
He acknowledges the hesitance to criticize or question a judge, emphasizing that each day that passes between the disclosure of the Hinman emails and their classification by a court adds weight to everyone’s fair notice defense.
However, he expresses concern that such a situation, while potentially logical to some, would undermine the credibility of the legislative, executive, and judicial branches.
In the ongoing court battle between Ripple and the Securities and Exchange Commission (SEC), a crucial aspect of the case revolves around a 2018 speech by former SEC Director Bill Hinman. In that speech, Hinman stated that Ethereum (ETH) should not be classified as a security due to its “sufficient decentralization.”
As part of their defense, Ripple has sought the release of the so-called Hinman documents, arguing that the contents of these documents could potentially support their argument and help remove the securities label attached to XRP.
