XRP price could rise 50% based on comments from former SEC director
XRP investors are hoping that a possible court victory against the SEC could boost the price of the altcoin by at least 50%.
Altcoin Watch
XRP hopes the token could see a massive price rise in 2022 based on the cross-over assumption that Ripple will win its long-running legal battle with the U.S. Securities and Exchange Commission (SEC).< /p> Hinman documents to save XRP bulls?
On September 29, the District Court Judge assigned to the case, Judge Analisa Torres, ordered the commission to release documents authored by William Hinman, the former director of the Corporate Finance Division of the SEC.
Hinman may have written about Ether (ETH), the native token of the Ethereum blockchain, not being a hidden document security, Ripple believes. This is mainly because Hinman had proclaimed the same thing in his speech at the Yahoo Finance All Markets Summit in June 2018.
#XRPCommunity #SECGov v. #Ripple #XRP 1/4 Some thoughts on the next steps in the quest for the Hinman documents. The SEC has a number of procedural cards it can play to try to further delay compliance with the order to produce the Hinman documents.
— James K. Filan 118k (beware of imposters) (@FilanLaw) September 30, 2022Ripple's defense could use Hinman's writing as evidence that its native blockchain token, XRP, shouldn't be treated as security, contrary to what the
XRP investors are hoping that a possible court victory against the SEC could boost the price of the altcoin by at least 50%.
Altcoin Watch
XRP hopes the token could see a massive price rise in 2022 based on the cross-over assumption that Ripple will win its long-running legal battle with the U.S. Securities and Exchange Commission (SEC).< /p> Hinman documents to save XRP bulls?
On September 29, the District Court Judge assigned to the case, Judge Analisa Torres, ordered the commission to release documents authored by William Hinman, the former director of the Corporate Finance Division of the SEC.
Hinman may have written about Ether (ETH), the native token of the Ethereum blockchain, not being a hidden document security, Ripple believes. This is mainly because Hinman had proclaimed the same thing in his speech at the Yahoo Finance All Markets Summit in June 2018.
#XRPCommunity #SECGov v. #Ripple #XRP 1/4 Some thoughts on the next steps in the quest for the Hinman documents. The SEC has a number of procedural cards it can play to try to further delay compliance with the order to produce the Hinman documents.
— James K. Filan 118k (beware of imposters) (@FilanLaw) September 30, 2022Ripple's defense could use Hinman's writing as evidence that its native blockchain token, XRP, shouldn't be treated as security, contrary to what the
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