The well-known cryptocurrency attorney John Deaton is in agreement with the hypothesis that Galaxy Digital CEO Mike Novogratz might be the identity of the unidentified SEC supporter referred to as the “Investment Banker Declarant.”
This comes after Ripple takes exception to the supporter’s request, which attempts to keep his identity, position, and employer hidden from public view. This is due to the fact that the Investment Banker Declaration willingly filed the declaration in support of the SEC’s petition for summary judgment.
“Defendants Ripple Labs, Garlinghouse, and Larsen oppose the letter motion by Investment Banker Declarant, which seeks to redact his declaration to shield from public view his name, position, and the name of his employer,” the request reads.
In addition, the prominent blockchain corporation has said that the facts presented by the non-party are inappropriate. It was also stated that none of the instances had allowed the request to seal the declaration of a declarant who had voluntarily provided a sworn statement at the summary judgment process.
An outrage was caused among the XRP community as a direct consequence of the SEC filing yet another motion that aims to seal particular documents just last week.
The presiding judge originally denied SEC’s second petition to halt the disclosure of William Hinman records. Here, the records from the ex-official include a speech in which Hinman classified Ethereum (ETH) as a security.
Meanwhile, there is conjecture surrounding the likely conclusion of the lawsuit, despite the fact that a segment of the business has noted the possibility that the verdict may be in favor of Ripple. U.S. attorney Jeremy Hogan, though, claims that Ripple and the SEC are both equally likely to prevail in the litigation.
