Key Points
- Ripple CEO Bradley Kent Garlinghouse hints that the crypto community should eagerly await Hinman documents.
- SEC and Ripple court battle takes a new twist as judge orders release of documents that could tip the case in Ripple’s favor
Ripple CEO positive about Hinman’s documents
On June 13, 2023, Ripple CEO Bradley Kent Garlinghouse tweeted, assuring the crypto community that upcoming Hinman’s documents are worth the wait. He hinted that the documents could play a huge role in tipping the case in Ripple’s favor and concluding it.
Its only one day left for the Hinman documents to get unsealed, and the crypto community is already showing uproars and eagerness to see them. The SEC had been fighting for the court to lock the public out of seeing the documents for over 18 months.
With only a day left to the unsealing date, Ripple executives CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty see it as worth the wait. The documents concern SEC messages on a 2018 speech by former director William Hinman. In the speech, Hinman says that cryptocurrencies such as Bitcoin and Ether may start as securities but become commodities when sufficiently decentralized.
Ripple advocates and investors believe that the imminent unsealing of documents will be instrumental in providing further insight into the legal status of Ripple’s XRP token. The timing of the unsealing of these documents couldn’t be more opportune as it comes at a time when the SEC is pressing on with crackdowns against crypto exchanges for trading crypto assets that stand as securities.
Keep watching Fintech Express for more updates on crypto and other fintech-related developments.