spot_imgspot_imgspot_img

Hinman Documents to be Released: What Does it Mean for XRP?

  • The crypto industry is eagerly awaiting the release of emails and documents related to the Hinman speech in the XRP-SEC case.
  • According to court orders, Ripple and the SEC submitted a joint letter requesting a one-week extension until June 13, 2023, to publicly disclose uncensored versions of the Hinman Speech documents.
  • Lawyer Deaton stated that the uncensored versions of the summary judgment applications submitted by both parties will also be made public.

The XRP community’s wait is over; critical Hinman documents will be released on June 13. What will be in the documents?

Is Hinman a Turning Point in the XRP Case?

sec

The crypto industry is eagerly awaiting the release of emails and documents related to the Hinman speech in the XRP-SEC case. The date has finally been set for the release of important documents in the case between the US Securities and Exchange Commission (SEC) and Ripple Labs.

According to court orders, Ripple and the SEC submitted a joint letter requesting a one-week extension until June 13, 2023, to publicly disclose uncensored versions of the Hinman Speech documents. However, along with the notes related to the speech, the uncensored versions of both parties’ summary judgment decisions will also be made public.

As a result, the crypto industry will gain clarity on why SEC Corporate Finance Director Bill Hinman concluded that Ethereum (ETH) is not a security.

XRP case lawyer John Deaton claims that June 13, 2023, will clarify how strong or weak the SEC’s claims are related to several specific sales stands. He emphasized that only the “offer” could violate Section 5 of the Securities Act. It is important to note that this seems to be the commission’s strongest argument in the case.

Ripple Wanted to Hide Sales Data

Deaton stated that the uncensored versions of the summary judgment applications submitted by both parties will also be made public. This will allow us to see some of the evidence presented by Ripple to list its income from XRP sales with Coinbase crypto exchange and others. This also included the targeted sales amount to investors through programmed sales.

Meanwhile, the court ruled that evidence related to Ripple’s XRP sales and payments to third parties to list it cannot be censored because it is related to the Howey analysis.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Historic $1.3 Billion Bitcoin Transaction Sparks Debate on Crypto Valuation

A recent colossal Bitcoin transaction has reignited discussions about Bitcoin's valuation, comparing historical trades and pondering the future of currencies in the digital age.

Ethereum Dencun Upgrade is Approaching: Which Layer 2 Tokens Stand Out?

With Ethereum's Dencun upgrade approaching, tokens of Layer-2 DeFi platforms on Ethereum have started to gain attention.

A Massive Transfer of XRP Tokens is Occurring: Will XRP Price be Suppressed?

Based on blockchain transactions, more than 400 million XRP tokens were moved today. Will XRP price drop further?

Can Grayscale Apply for SHIB ETF? Shiba Inu Community Takes Action!

The Shiba Inu community called for action as Grayscale Investments filed to launch a SHIB token ETF.

MicroStrategy, the Largest Corporate Owner of Bitcoin, Falls Victim to X Account Hack: $400,000 Lost!

MicroStrategy, the largest corporate owner of Bitcoin, falls victim to X account breach: Hackers seize $400,000!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Historic $1.3 Billion Bitcoin Transaction Sparks Debate on Crypto Valuation

A recent colossal Bitcoin transaction has reignited discussions about Bitcoin's valuation, comparing historical trades and pondering the future of currencies in the digital age.

Ethereum Dencun Upgrade is Approaching: Which Layer 2 Tokens Stand Out?

With Ethereum's Dencun upgrade approaching, tokens of Layer-2 DeFi platforms on Ethereum have started to gain attention.

A Massive Transfer of XRP Tokens is Occurring: Will XRP Price be Suppressed?

Based on blockchain transactions, more than 400 million XRP tokens were moved today. Will XRP price drop further?