#XRPCommunity Thoughts on a wonderful win: 1st, although expected given the high burden @SECGov needed to carry, this win was amazing given J. Torres was making me sweat (but not @attorneyjeremy1 who called end of September!). 2nd, we have more context of J. Torres'...1/5
https://twitter.com/FilanLaw/status/1575572166565036032
...judicial temperament in this case, and it does not bode well for @SECGov. The writing is on the wall, but I'm still not sure if the SEC has the literacy level to read it. J. Torres telegraphed how she will evaluate the MSJ papers and case law and it's not in SEC's favor. 2/5
3rd, J. Torres did hint that the documents sought--though relevant for DISCOVERY--may not actually be admissible for TRIAL (p4). But this is not a major concern because once they are disclosed the damage to the SEC is done. 4th, J. Torres did not have any harsh language for...3/5
...SEC like J. Netburn's "hypocrisy" zinger, but did allude to the schizophrenic nature of @secgov's position (p8). Rest assured the message was sent to SEC that its ship is sinking and it will not be getting many more offers for lifeboats. 5th, now we see how desperate the...4/5
...the SEC truly is. Does it file motion for reconsideration? Interlocutory appeal? Writ of mandamus? SEC can easily drag the email saga out another 1-3 months if it wants to. But any negative appellate ruling for SEC will damage all gov agencies in the future, not just SEC. 5/5
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