Attorney Jeremy Hogan took to Twitter to share a previous ruling by Judge Analisa Torres in another case involving a crypto mining company Rio Tinto and the SEC. In the cutout of the ruling posted by Hogan, it shows that the judge previously ruled that there was no liability on the part of Rio Tinto when “the sole basis for such claims is alleged misrepresentations or omissions,” something that is also present in the Ripple case.

Now, as expected, the SEC appealed the judgment by Judge Torres but the interesting thing is that the appellate court upheld the judgment. The crypto company emerged victorious in this case, as the judge did not see any evidence of scheme liability, saying that Rio Tinto only “failed to prevent misleading statements from being disseminated by others.”

What makes this important is that Judge Torres is also the presiding judge in the Ripple v. SEC case and such a judgment on a previously similar case could also translate to a similar judgment for Ripple. If so, then this is a positive for the company.