Murphy said that a decision by the judge in other cases is not a "binding precedent", which means that "other judges are not obliged to decide in the same way", since this only affects decisions by the Court of Court and the Supreme Court. Nevertheless, Murphy believes that Richter Rearden, who is entrusted with the Coinbase case, will pay very close attention to the legal considerations of judge Torres when deciding whether XRP is a security.
"And I believe that judge would follow the same argument if she analyzes whether the 13 tokens mentioned in the coin base complaint is securities. Judges at the same court do not occur occasionally. But I believe that judge Rearden (who has only been in office for six months) is probably not contradictory of the legal argument of her experienced judge colleague in such an enormous case will. "
combat proposals ripple
Despite the massive offensive of the SEC against the crypto industry, the authority seems to be tense, since several attempts to seal the notorious Hinman Speech documents have failed, which is considered one of the many small victories ripple.
The man in question - William Hinman - was director of the company financing department of the Sec from 2017 to 2020. In a now controversial speech in 2018, Hinman spoke about how the decentralization affects the regulatory classification of Ethereum and Bitcoin, and reported that the Sec has done two crypto-assets at the moment.
ripple lawyers, on the other hand, fought to learn more about how Hinman came to this conclusion, which could affect the classification of XRP. Until June 13th, the SEC has time to provide all the unwitted emails with Hinman's internal communication.
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