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SEC May Have Underestimated Challenges in Legal Battle Against Ripple, Forbes Contributor Believes

Sam Lyman, a prominent speechwriter and Forbes contributor, believes that the U.S. Securities and Exchange Commission (SEC) may have underestimated the challenges it would face in its legal battle against Ripple.

Lyman suggests that the release of the Hinman documents, which the SEC wanted to keep hidden, could strengthen Ripple's case by revealing that even SEC staff believed XRP should not be considered a security.

The implications of the Hinman documents extend beyond the XRP lawsuit and could impact Coinbase's position in future litigation against the SEC. Meanwhile, pro-Ripple lawyer John Deaton expressed his agreement with Lyman's views and hailed the unexpected support Ripple received from the XRP community.

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