Thread by @freddyriz

My thoughts on the emails being released:

The first point is that @SECgov appears to be entering the final Stage of Grief: Acceptance. I’m surprised it did not request an appeal on the email issue bc that was a free automatic delay—just asking and ultimately not even...1/10

https://twitter.com/s_alderoty/status/1583229474681675776

…filing a brief and risking bad precedent would have bought an extra 30-60 days. But it really would have pissed off the Court so that’s probably why SEC ultimately folded on this front. As to the emails themselves? Expect them—or a reference to them—to appear in Ripple’s...2/10

...reply MSJ or even Ripple asking for permission to file a supplement to its opposition just posted today (10/20), although I lean in them being included in the Reply as it is procedurally easier even though Ripple’s MSJ doesn’t squarely address this issue. Many of you...3/10

...have speculated this is likely as well @ashleyprosper1. But what does it mean? I became very bullish on the near-guarantee of @ripple winning after this summer's disaster oral argument and the expert witness and summary judgment motions only strengthened my convictions. 4/10

But I still expect the case to go through summary judgment. Why? Well, one ‘exit ramp’ for settlement was the order these emails had to be produced (as stated by others too). But the order has passed, no reconsideration filed, no appeal filed and they've been produced. 5/10

And still no settlement. A lot has been going on behind the scenes, with a lot of politicians talking to the SEC <HAT TIP TO YOU ALL!> and FOIA requests a-flyin'. Regardless of what happens with Ripple’s possession of the emails, the #XRParmy is going to fight for them and...6/10

...there are TWO federal court orders that say they are important, not DPP and not ACP. SEC has to start looking PAST the Ripple case and literally saving its own people from civil and criminal litigation after this case. Although it's a dumpster fire for the SEC no matter...7/10

...how you slice it, actually one of the best things it can do now is take the case all the way and ‘lose’ at summary judgment to protect its argument that the case wasn’t a sham from the get-go (even though of course it was). Because keep in mind, unless the SEC ...8/10

...reaches out to @johnedeaton1 (or tries to buy protection for Hinman and Clayton) in connection with settlement against Ripple, the SEC still has to deal with HUNDREDS OF THOUSANDS of claims from the people and entities it knowingly and purposefully f***** over in filing...9/10

...this garbage case to begin with. In a poker analogy, the SEC is pot-committed with a 7, 2 hand.

Lastly, I would love to be proven gloriously wrong and a settlement is announced tomorrow. But this is what I'm thinking as of now. 10/10