- Anticipation surrounds the release of the Hinman documents, which may impact Ripple’s SEC battle.
- XRP price surged 5.9, drawing attention from holders anticipating volatility.
- The Hinman documents shed light on the SEC’s perspective on cryptocurrencies like Ethereum.
The upcoming release of the Hinman documents has created a sense of anticipation within the XRP community. Many speculate that these documents could significantly impact Ripple’s legal battle with the SEC. However, its effect already reflects in XRP’s price.
According to TradingView data, XRP has experienced a 5.9% increase in price over the past 24 hours. This surge in value has captured the attention of XRP holders, who are anticipating potential volatility in the altcoin as a result of developments in the ongoing SEC vs. Ripple case.
At the time of writing, XRP is trading at $0.5326 on CoinMarketCap.
The Hinman documents pertain to internal communication within the SEC regarding a speech delivered in 2018 by the former Director of the Corporation Finance division, William Hinman. These documents delve into the SEC’s perspective on cryptocurrencies like Ethereum.
Meanwhile, numerous documents related to the SEC vs. Ripple case, including a motion for summary judgment and filings by Ripple’s legal team and executives, have been released on Courtlistener.com. These documents are available for public review and pertain to Ripple’s legal defense ahead of the unveiling of the Hinman documents.
Ripple CEO Brad Garlinghouse expressed optimism about the impact of the Hinman documents on the SEC vs. Ripple case, suggesting that they could favor Ripple. In a tweet today, Garlinghouse informed the crypto community that the unsealed Hinman documents are highly significant and worth the anticipation.
In addition to the unsealing of the Hinman documents, there are two other significant events scheduled for Tuesday. The US Court of Appeals for the Third Circuit has instructed the SEC to provide further clarification regarding a rulemaking petition submitted by cryptocurrency exchange Coinbase. Additionally, there is a hearing set to take place at 18:00 GMT regarding the freezing of Binance’s assets.
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