There has been a significant development in favor of Ripple in the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple (XRP).
It has been going on for two years and has critical value for the cryptocurrency industry. SEC-Ripple between securities in his case critical there has been a development. of the SEC William Hinman your documents request for confidentiality once again by the court denied.
US District Court Judge Analisa Torresdocuments the SEC wants to keep in the Ripple lawsuit once again demanded. SEC so far repeatedly requested that these documents be kept confidential, but the request was made by the same judge. always denied.
William Hinman, one of the former directors of the institution, in most of the documents that the SEC does not want to publish. in 2018 “Yahoo Finance All Markets Summit” speeches he gave during the event. In his speech bitcoin And Ethereum stating that there are no securities of Hinman, to Ripple in its fight with the SEC It is thought to be his first major victory..
Because the Ripple community thinks Ethereum and XRP are similar in general, of XRP also not counted as securities suggests it should.
Ripple price spike
After the judge’s decision, the Ripple price will soon 10% rose around. before decision from $0.422 XRP, which finds buyers, with the effect of the news flow $0.461 climbed up. Cryptocurrency market in terms of market value 6. during XRP positioned at the time of writing from $0.451 is being traded.
A similar request submitted to the court by the SEC was finally submitted by Judge Torres. in September of 2022 was once again rejected.