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Ripple CEO Brad Garlinghouse commented on the legal battle with the U.S. Securities and Exchange Commission (SEC) at the World Economic Forum in Davos on Wednesday, again hinting at the importance of the Hinman Papers could become the case.

As a bitcoinist reported, speculation about the relevance of the documents has been going on for some time. While XRP community lawyer John Deaton even temporarily speculated that the documents could force the SEC to settle with Ripple, he recently backed away from that theory.

Nonetheless, as Ripple CEO Garlinghouse explained during a Fireside discuss Yesterday, the crypto community can expect an explosive revelation if Hinman’s emails are made public. Garlinghouse said the public would be surprised by the SEC’s behavior if the emails “came to light.”

The CEO of Ripple pointed out that due to the ongoing court case and the fact that the documents have not yet been made public, he must be more vague on the subject because “some of these things have not yet been made public”. However, Garlinghouse said:

Bill Hinman, director of corporate finance at the SEC, gave a speech in June 2018 about how ETH was a security, but it didn’t magically become a security.

And there are emails associated with that. When these are revealed, I think you will see more how it is possible that the SEC decided to press charges against Ripple, given what they were saying within their own walls.

Ripple CEO Reveals More Shocking Facts

In addition, Garlinghouse again criticized the SEC for its regulation by law enforcement. “It’s never an effective way to regulate. If you want to regulate, do the work and write the rules […] and if a company comes to you and says “Hey, help me understand the rules, I want to make sure I follow the rules”; help them understand the rules,” the CEO of Ripple said.

During the fireside chat, Garlinghouse also revealed that he personally met with the SEC three times, and not once during that meeting, the SEC said; “Hey, XRP could be a security.”

Ripple’s CEO therefore attacked the SEC for its ambivalent position that it considered XRP to be a security from the start, but never told the company and its CEO about it. “It doesn’t look like a real public-private partnership,” Garlinghouse continued.

He also has echoes Ripple’s General Counsel Stuart Alderoty’s latest assessment that the two-plus-year legal battle with the SEC will be resolved in “single-digit months”, adding that he remains confident of a positive outcome:

We expect a decision from a judge certainly in 2023. You don’t really have control over when a judge makes their decisions. But I’m optimistic that in the next few single-digit months we’ll have a shutdown there.

At press time, XRP was trading at $0.3841. With that, the price is still hovering below the key resistance zone between $0.40 and $0.43.

Ripple XRP USD
XRP below key resistance, 1-day chart | Source: XRPUSD on TradingView.com

Featured image from Twitter, chart from TradingView.com





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