• Judge Torres rules against the SEC’s motion to seal Hinman’s speech-related documents.
• XRP price is trending due to this ruling and could be affected by Hinman’s documents.
• The ruling comes months after another judge directed the SEC to surrender Hinman’s speech documents to Ripple.
SEC vs. Ripple Legal Fight
The legal fight between the US Securities and Exchange Commission (SEC) and Ripple has been ongoing for years now, with a final ruling expected to have a major impact on the entire crypto space. Ripple is planning to use former SEC Director of Corporation Finance William Hinman’s speech document to show that the SEC is biased.
Judge Torres‘ Ruling
US District Judge Analisa Torres recently ruled against the SEC’s motion to seal text messages and internal emails connected to Hinman’s remarks on 22 December last year, stating that revealing these documents surpasses public rights of access “irrelevance” records. Judge Torres also said that Hinman’s documents could influence the court’s ruling, upholding an earlier ruling from Judge Sarah Netburn which stated that the SEC can’t seal Hinman’s documents as they are crucial for the judicial process.
XRP Price Trending
The price of Ripple’s native token, XRP, has been trending for the past 24 hours following Judge Torres‘ ruling. At press time, XRP was trading at $0.4458, up 5.65% in the last 24 hours.
Hinman’s speech documents contain statements made by him in 2018 regarding Ethereum’s Ether (ETH) not being a security and preliminary opinions and explorations of the XRP token – all of which could determine how this case ultimately ends in court proceedings.
The US district judge Analisa Torres‘ recent ruling against sealing text messages and internal emails connected to William Hinman has had an effect on XRP prices and may have implications on how this case will end in court proceedings when taking into account what is contained within his speech document – something which could affect crypto space across board if things don’t go Ripple’s way