In short: Pro-XRP Attorney Jeremy Hogan has praised Judge Analisa Torres for her ruling to deny the US SEC motion to seal Hinman Speech documents in the lawsuit between Ripple and the regulator. Hogan tweeted that the document could have an impact on the court's final ruling and its unsealing is important to XRP holders and the crypto space. The document allowed Hinman, the former SEC's director who deemed Bitcoin and Ethereum not as securities, to express an opinion on XRP, which has been a factor in the SEC vs. Ripple lawsuit. XRP's price surged following the ruling.
Our quick analysis:
The SEC vs. Ripple lawsuit continues to be the talk of the crypto town as the case gets heated up. In a recent ruling, Judge Analisa Torres denied the SEC’s motion to seal the Hinman Speech documents, stating that they are vital judicial documents portraying a strong presumption of public access. This move has led Pro-XRP Attorney Jeremy Hogan to applaud Judge Torres as ‘The People’s Judge.’
The Hinman Speech document has been a bone of contention in the SEC vs. Ripple lawsuit, with Ripple Labs requesting access to it to discover the opinion attached to XRP regarding Hinman’s controversial speech in 2018. Though the Commission surrendered the document, it still filed a motion to keep the documents sealed.
However, Judge Torres’ ruling to approve public access to the documents could impact the court’s final ruling in the lawsuit. Attorney Hogan has also noted that the document could influence the US crypto regulatory clarity.
The recent development has also created excitement in the XRP community, with the token showing a surge of 0.72% over the past 24 hours and currently ranking as the 6th top crypto asset.
With Judge Torres’ ruling, XRP holders, Ripple Labs, and the entire crypto space may get more clarity and access to details about the SEC’s accusation against Ripple. As such, it is safe to say that Judge Torres’ ruling on the Hinman Speech document is a critical move in the SEC vs. Ripple lawsuit that could have far-reaching implications.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
The SEC vs. Ripple lawsuit continues to be the talk of the crypto town as the case gets heated up. In a recent ruling, Judge Analisa Torres denied the SEC’s motion to seal the Hinman Speech documents, stating that they are vital judicial documents portraying a strong presumption of public access. This move has led Pro-XRP Attorney Jeremy Hogan to applaud Judge Torres as ‘The People’s Judge.’
The Hinman Speech document has been a bone of contention in the SEC vs. Ripple lawsuit, with Ripple Labs requesting access to it to discover the opinion attached to XRP regarding Hinman’s controversial speech in 2018. Though the Commission surrendered the document, it still filed a motion to keep the documents sealed.
However, Judge Torres’ ruling to approve public access to the documents could impact the court’s final ruling in the lawsuit. Attorney Hogan has also noted that the document could influence the US crypto regulatory clarity.
The recent development has also created excitement in the XRP community, with the token showing a surge of 0.72% over the past 24 hours and currently ranking as the 6th top crypto asset.
With Judge Torres’ ruling, XRP holders, Ripple Labs, and the entire crypto space may get more clarity and access to details about the SEC’s accusation against Ripple. As such, it is safe to say that Judge Torres’ ruling on the Hinman Speech document is a critical move in the SEC vs. Ripple lawsuit that could have far-reaching implications.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
0 Comments
Please, behave!