Important Hint From Ripple CEO About Hinman Documents! XRP Price Moves!

Currently on the market, on the one hand, the SEC’s largest cryptocurrency exchanges Binance and Coinbase’While talking about the lawsuits filed by the SEC in previous years, Ripple’The possible consequences of the decision to be made in the lawsuit filed against A.Ş. and its impact on Binance-Coinbase lawsuits are discussed.

While many are waiting for a decision in favor of Ripple in the SEC-Ripple case this year, Brad Garlinghouse, CEO of RippleImportant statements regarding the case came from

Making a statement on his Twitter account, Garlinghouse stated that he did not want to go into too much detail. XRP He hinted that the Hinman Documents, which are important in his case, will be released on Tuesday.

When “Jungle Inc” asked if he had any thoughts prior to the release of the Hinman documents, Garlinghouse didn’t intend to go too far with both himself and himself. Stuart Alderoty, Ripple General CounselHe said that ‘s struggled hard to uncover these documents.

Garlinghouse stated that these documents were worth waiting for and used the following statements:

“I wish I could go deeper now, but we’ve waited this long, more than 18 months. That’s why I don’t want to cross the line…

Suffice it to say Stuart Alderoty, Ripple General Counsel, and I think it was worth the wait for these documents.”

Wish I could go in depth now, but we’ve waited this long (18+ months), I don’t want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait.

— Brad Garlinghouse (@bgarlinghouse) June 12, 2023

The aforementioned Hinman Documents include a speech by William Hinman, former director of the SEC, at the Yahoo Finance Summit in 2018.

Although the SEC wanted to keep these documents confidential, the court did not accept this confidentiality request. The court ruled that the SEC should release these documents.

Despite the SEC making great efforts to submit the Hinman documents Ripplebelieves these documents will be crucial on the SEC’s stance on cryptocurrency classifications and is seeking to obtain these documents.

Because Hinman said in his speech, Ethereum (ETH) It says it’s not a security. After the disclosure of these documents, why did Hinman ETHIt will become clear that ‘ has concluded that it is not a security.

In addition, many Ripple supporters believe that the disclosure of the documents will be useful in gaining clearer information about the legal status of Ripple’s token XRP.

Waiting for the Hinman documents to be released in the Ripple case XRP price reacted positively to this news. It is trading at $0.5287, up 3% in the last 24 hours.

*Not investment advice.