The hearing of the US Agriculture Committee next week will be closely related to cryptocurrencies. However, Ripple (XRP) awaits the date when the Hinman speech-linked documents will be made public.
Here are the critical dates of the coming weeks for Ripple and cryptocurrencies
First of all, the hearing of the US Agriculture Committee on spot markets, which is a development that closely concerns the general market, will take place on June 6th. Susan Friedman, head of policy at Ripple, emphasizes that this meeting will be critical for the cryptocurrency market.
Meanwhile, Congressman Glenn Thompson will defend the interests of cryptocurrencies at the hearing. Ripple executive Susan Friedman praised Thompson for taking on this role.
While the upcoming June 13 HFSC hearing is an important one for crypto, the one being held next week by @HouseAgGOP is equally so. @CongressmanGT has been a steadfast supporter of the call for clarity in this space. https://t.co/DLLUjDzhQr
— Susan Friedman (@ss_friedman) June 1, 2023
Hinman documents will be made public on this date
The US court recently decided not to seal what former SEC authority William Hinman said about Ethereum in 2018. The SEC wanted to seal the documents as Hinman said on that date that ETH was not a security.
In recent developments, Ripple Labs and the SEC have asked the court to adjourn until June 13 to file the public version of the documents.
Ripple can recover lost exchanges
The legal battle that began in late 2020 led to XRP being delisted from most major exchanges, including Coinbase. Jeremy Hogan, a pro-XRP attorney, says he is confident the altcoin will now be relisted on crypto exchanges.
The “Secondary Market Sales” of XRP has been a topic of great debate among crypto leaders and experts. However, the court is yet to address this issue in the XRP case. Attorney Jeremy Hogan says he is confident that XRP will be relisted on exchanges once the judge decides whether the token is inherently a security.
There has been discussion about how/if "secondary market sales" of XRP will (or won't) be addressed in the Ripple case.
It's important because we are only confident XRP will be relisted on exchanges if the issue of whether XRP is inherently a security is addressed. 1/7 pic.twitter.com/4L8PFbLtYG
— Jeremy Hogan (@attorneyjeremy1) May 29, 2023
Hogan also stated that it is highly likely that the court will not address the issue, as the commission did not openly raise it. However, both parties can argue over secondary sales by adding a defect. The lawyer underlined that Ripple and the SEC could reach an agreement to include this in the hearings. However, the judge can uphold the defendants’ claims in the proposed Final Judgment.
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