Ripple Gets A Big Win With Hinman

Ripple has achieved a small victory in its legal battle against the SEC as the agency’s attempt to seal the “Hinman Speech documents” was denied. ๐ŸŽ‰

These internal files contain drafts and emails about a speech given by William Hinman, former Director of the SEC’s Division of Corporation Finance, over four years ago, saying $ETH is not a security. The documents are sought after by Ripple’s legal team to understand how the SEC arrived at its conclusion that Ethereum was not a security at the time, which could impact the classification of Ripple’s $XRP cryptocurrency.

While certain redactions will remain sealed to protect witnesses’ welfare, most of the SEC’s expert reports and investor statements will be accessible to the public.

In addition, Ripple’s motion to seal information regarding its business activities was also rejected. Details about Ripple’s revenues from XRP sales, compensation provided to trading platforms to list XRP, and the amount of XRP sold to investors through programmatic and institutional sales will now be accessible.ย 

Ripple’s big wig, Brard Garlinghouse, is making his rounds on Twitter and letting the SEC know how he feels:

Ripple’s supporters and investors eagerly await the unsealed “Hinman Speech documents” to shed light on the SEC’s stance and its potential implications for XRP’s classification. ๐ŸŽ

XRPUSD Daily Chart – Click to enlarge.

Even though XRP closed over +3% on Tuesday, the follow-through has been kind of ‘meh’. We’ll keep an eye on it.ย 

More in   Crypto

View All

Bitcoin Hits New All-Time High Then Someone Punched It In The Face

I’m a crypto fanatic. I am constantly observing and looking at what’s going on, and like many of you, the past couple of days, I’ve been glued to my screen or phone waiting for the news when Bitcoin hit a new all-time high. ๐Ÿ‘€

And now I need your help. Because I need someone to figure out the odds of someone like me, MISSING THE GODDAMN EVENT BECAUSE OF A DR’S APPOINTMENT.

Read It

Bitcoin Allocations Matched With Gold?

Will Bitcoin ever match the gold in investors’ portfolios? ๐Ÿ…

JP Morgan ($JPM) thinks that for Bitcoin to rub shoulders and match the allocation of gold in investor portfolios, its market cap would need to skyrocket to $3.3 trillion.

Read It

Frogs, And Dogs, And BONKs Oh My

Memecoin madness is back, and it’s like deja vu. All over again, like deja vu. ๐Ÿถ

According to the fine folks at Santiment, the spotlight’s on $PEPE, $FLOKI, $BONK, and a few others, all of which have decided to moon together. Price surges of over 500% and trading volumes that skyrocketed nearly 3,000%? Just another crypto memecoin insane bull run

Read It

BlockFi Customers Rejoice!

BlockFi’s customers might finally feature a financial comeback, thanks to a deal with FTX and Alameda Research. ๐Ÿ˜

How much? Up to $874 million, contingent on court approval. This settlement could be the lifeline for customers left adrift after the 2022 crypto upheaval.

Read It