After more than two years of anticipation, the Ripple and XRP community may finally find closure as the court ruled in favor of revealing the Hinman documents to the public. The US SEC maintains its stance on the unsealing of these documents, which have the potential to expose the agency’s regulatory bias in the crypto market. In addition, Hinman’s famous speech suggested that most digital assets may not be subject to securities laws, but the current SEC chairman has a different perspective.
According to pro-crypto regulators in the United States, current SEC chairman Gary Gensler may be swayed by political pressure as the Biden administration looks to introduce a digital dollar and assert its dominance as the global reserve currency. The unsealed Hinman documents could be the start of a string of victories for Ripple against the SEC in the final ruling.
XRP price ready to rise
The XRP price appears to be in a favorable position to rise above $0.53 following the unsealing of the Hinman documents today. From a technical point of view, experts predict that XRP price could rise by as much as 65 percent and reach $1 in the coming days. In addition, the digital asset recently broke out of a macro-logarithmic downtrend, demonstrating resilience by staying above 52 cents during the recent altcoin capitulation.
Read more: Ripple vs. SEC Lawsuit Update: What Can You Expect With Hinman Document Release Today? – Coinpedia Fintech News
Brad Garlinghouse, Ripple’s CEO, emphasizes the critical role the unsealed Hinman documents play in providing the jury with valuable perspective on the pending case. In a recent tweet, Garlinghouse expressed his belief that the disclosure of these documents was well worth the wait.
Wish I could go in depth now, but we've waited this long (18+ months), I don't want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait.
— Brad Garlinghouse (@bgarlinghouse) June 12, 2023
