The recent ruling by Judge Analisa Torres on the SEC's request to seal documents related to William Hinman's speech has sparked a new conversation on the ongoing Ripple vs SEC lawsuit. Ripple supporters, including Australian lawyer Bill Morgan, have expressed their views on how the ruling could affect the case.
Judge Torres' decision not to allow the SEC to use the documents in its case with Ripple shows that she has become more informed about Ripple's past and current business structure. Morgan believes that the sale of XRP to ODL customers will not be troubling to the Judge or the SEC, as it does not satisfy any part of the Howey test and therefore cannot be considered a security.
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