Optimism in XRP community remains unchanged
XRP price yet to come feedback What crypto viewers have called the “biggest event” in the ongoing Ripple lawsuit over the past 18 months. In a major victory for Ripple, the US Securities and Exchange Commission (SEC) has finally complied with a court order to turn over the Hinman documents.
Ripple’s general counsel, Stuart Alderoty, disclosed that after over 18 months and six court orders later, Ripple finally has the Hinman documents, including internal SEC emails and drafts of his infamous 2018 speech. These documents, however, remain sealed from the public.
In September, the XRP community rejoiced when Judge Torres overruled the SEC’s objections and ordered him to turn over the Hinman email. XRP is up 20% within hours of the news on rising optimism. XRP price, yet leaving no stone unturned in this recent big win, remains a “surprise” for many.
At the time of publication, XRP was changing hands at $0.44, down 4.40% in the last 24 hours and 11.77% in the past week. The optimism in the XRP community, however, remains, as seen in the positive reactions to the news across the board.
“If I were thinking about buying an entire bitcoin today, I would have switched and probably looked at a bag of XRP while watching the news,” wrote David Goxhettin, the founder of Goxetin Media.
Reactions trail release of Hinman document
Ripple General Counsel Stuart Alderoty believes “it was well worth the fight” to get the Hinman documents. He added, “I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics, and I feel even worse about them now.”
Ripple’s CTO David Schwartz said that he hasn’t felt more positive about Ripple’s prospects and the crypto space as a whole in the past six years.
Ripple CEO Brad Garlinghouse tweeted, “The SEC wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”
Interestingly, the legal milestone coincides with Ripple’s tenth anniversary celebration, which makes it quite a significant one.
