Surge in XRP Prices Following Disclosure of Hinman Speech in Ripple Labs Submission

2023-6-14 16:09

Hinman’s Noteworthy Speech Boosts XRP Prices Amid Ripple vs SEC Lawsuit

XRP prices experienced a significant 7.4% surge within the past 24 hours, outperforming the broader cryptocurrency market. Traders seem to be placing bets on a favorable outcome for Ripple Labs in their legal battle against the U.S. Securities and Exchange Commission (SEC). This boost in prices coincided with the public release of documents related to William Hinman, the former director of the SEC’s Division of Corporation Finance from 2017 to 2020, as part of the ongoing SEC lawsuit against Ripple Labs.

Hinman’s 2018 speech garnered attention, as he expressed his belief that both bitcoin (BTC) and ether (ETH) should not be classified as securities. In one of the disclosed emails, Hinman stated, “We do not need to see a need to regulate Ether, as it is currently offered, as a security.” Ripple Labs is leveraging these remarks to argue that XRP should not be considered a security, potentially leading to a favorable resolution for the company.

The SEC’s lawsuit, filed in 2020, alleges that Ripple sold unregistered securities. Despite Ripple’s historical separation from XRP, which powers some of its products and the XRP Ledger network, any developments in the case have a substantial impact on XRP prices.

Сообщение Surge in XRP Prices Following Disclosure of Hinman Speech in Ripple Labs Submission появились сначала на Coinstelegram.

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Ripple (XRP) на Currencies.ru

$ 0.509 (-0.17%)
Объем 24H $559.588m
Изменеия 24h: -2.27 %, 7d: 1.83 %
Cегодня L: $0.5077 - H: $0.51
Капитализация $28.145b Rank 7
Цена в час новости $ 0.5163 (-1.41%)

prices xrp ripple surge hinman speech market

Источник: coinstelegram.com

prices xrp → Результатов: 126


Ripple Contributes $10M to NGO Mercy Corps at Swell; CEO Says The US is Giving Advantage to Chinese Tech

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2020-10-16 21:58


A “TD9” Sell Indicator Triggers For XRP After 6 Weeks of Stagnance

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2020-10-13 00:00


CTO Ripple назвал текущую цену XRP «справедливой и разумной»

Технический директор Ripple Дэвид Шварц заявил, что рыночные цены XRP и других криптоактивов действительно является отражением доверия к ним общественности, а не определяются манипуляциями китов. I honestly believe (crazy as it sounds) that cryptocurrency prices generally do reflect the wisdom of crowds and a fair assessment of the expected future. I am way in the […]

2020-7-11 20:21


Фото:

XRP & EOS Fall to Their Lowest Price Since 2017

The prices of both EOS and XRP have broken down below important support levels. This decrease has caused both altcoins to trade at their lowest levels since December 2017. Cryptocurrency trader @livercoin tweeted a double image that shows the prices of both EOS and XRP, which mirror each other and have both broken down below […] The post XRP & EOS Fall to Their Lowest Price Since 2017 appeared first on BeInCrypto.

2020-5-9 20:50


Фото:

Ripple to Reduce its Sales of XRP as Prices Rise

Ripple, who notoriously own a large portion of XRP, have reduced their sales of the token significantly, the lowest sales in any previous quarter Ripple’s sale of its XRP holdings is an activity that has happened regularly since the company escrowed billions of coins in 2017 to make the XRP supply more tightly controlled and more info… The post Ripple to Reduce its Sales of XRP as Prices Rise appeared first on Coinjournal.

2020-5-2 18:42


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