James Filan, an experienced litigation expert and founder of Filan company in Connecticut State, said that the agreement between Ripple and the US Securities and Exchange Commission was unlikely and far from happening. Filan also added that the outcome of this trial will be very important for the entire industrial Blockchain industry and cryptocurrencies.
According to shetcoiner and quote to Youtoday; This lawyer, who has experience in commercial real estate, believes that neither Ripple nor the US Securities and Exchange Commission are willing to agree with each other, and that the trial could be prolonged.
Suspension refers to the circumstances in which a party to a dispute resolves its dispute and voluntarily withdraws from the proceedings. In such cases, one of the parties usually accepts the other party’s terms and the matter is settled.
Based on the tweet that Filan published for yesterday, he doesn’t think that an agreement between Ripple and the stock exchange commission is possible.
Filan disagrees with US lawyer Jeremy Hogan, who has said the parties are in agreement. He added that neither Ripple nor the stock exchange commission intends to surrender.
He is also confident that Ripple will make the most of William Hinman’s testimony in court. William Hinman has previously served as Chief Financial Officer of the Securities and Exchange Commission and has revealed the relationship between the Securities and Exchange Commission and third parties.
According to Filan, Ripple’s representatives are likely to speak with people close to Hinman to appear in court to present their new position on this part of the case.
The experienced lawyer believes that the Ripple trial process and its outcome are of great importance to the entire decentralized and Blockchain technology industry. He added in a tweet:
Ripple has already won the competition with the SEC. This payment company, whose market value exceeds $10 billion, has been accused by the Exchange Commission of offering illegal securities in the form of XRP tokens to US customers.