Judge Analisa Torres in the SEC lawsuit against Ripple rejected the SEC’s request for the William Hinman documents, after which the Ripple (XRP) price skyrocketed.
There was a development at night in the Rippe-SEC case, which is closely followed by the crypto world. The trial judge, Analise Torres, refused the SEC’s request to keep the William Hinman documents confidential. This decision, which brought Ripple to the fore in the case, was directly reflected in the price of XRP, bringing a 10.50 percent increase. The curious wait continues for Ripple (XRP), one of the most established cryptocurrencies in the market. Standing stronger in the case in the first quarter of 2023, XRP almost doubled its price in January.
Hinman Papers and Litigation
William Hinman, a former director of the SEC, stated in 2018 that Bitcoin and Ethereum are not investment contracts. Ripple, on the other hand, continues to defend its view, revealing the similarities of XRP to Ethereum. In addition, Ripple requests that Hinman’s documents be submitted to the court on internal planning and conversations prior to his speeches.
In this period when the SEC-Ripple tension is at its peak, not only XRP investors, but also many investors related to cryptocurrencies are following this issue closely. With this development during the night, XRP, which gained more than 10 percent in value, shook the agenda again. Volatile pricing continues for XRP, which has lively hours with the decision of the trial judge.
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