BREAKING: Ripple Scores ENORMOUS Win Against S.E.C.

September 29, 2022 8:45 pm Comments

Ripple Labs has just scored a major win against the S.E.C…

Judge Analisa Torres has upheld previous rulings and ordered the Securities and Exchange Commission to hand over all documents, emails, and communications relating to the infamous 2018 Hinman speech.

The S.E.C. has fought tooth and nail to keep the speech and communications surrounding the speech from the court and the public…

Previously, the agency was ordered to hand over the speech, however, appeals and stall tactics were employed to shield the revelatory information from entering the lawsuit, presumably due to the damning nature of the evidence.

You can read Judge Torres’s ruling here.

John Deaton took the chance to celebrate on Twitter, here’s what we currently know:

Crypto Potato reminds readers:

The SEC was initially called upon to turn over the documents by judge Sarah Netburn in January, finding that they were not protected by deliberative process privilege (DPP).

The SEC objected to the order in the following month, claiming that the internal speech documents were not relevant to any claim or defense in the case. It also argued that the DPP does, in fact, protect internal speech documents, as does attorney-client privilege.


Bein Crypto explains the effect on XRP’s price action:

Following the news, XRP’s price rose 10% and is trading at $0.50 at the time of writing. It is still down 85% from its all-time high of $3.40. The SEC lawsuit has been blamed for the coin tanking.

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