In a significant development today, the U.S. Securities and Exchange Commission’s (SEC) order to seal former SEC functionary William Hinman’s email drafts in the Ripple case has been dismissed. These documents are considered crucial in determining regulatory bias against Ripple and XRP, raising concerns about potential corruption within the SEC. Related Ripple CEO Celebrates Transparency Victory as Hinman Emails to be Unsealed The attention surrounding these email drafts has been steadily growing, as they have been seen as a secondary narrative running parallel to the legal proceedings. The commission’s reluctance to disclose these documents led to speculation that the SEC might settle the entire case with Ripple to avoid their public release.
Turning point The unfolding of events began in April 2022 when Magistrate Judge Netburn ordered the SEC to hand over an email containing a draft of William Hinman’s speech. This order was seen as a positive step forward. Since then, these emails have become a focal point in the battle between Ripple and the SEC. The case entered a heated and contentious stage in July, when Judge Netburn reprimanded the SEC for concealing certain facts, ultimately rejecting its claims to keep Hinman’s documents confidential. In a significant interim victory, Judge Torres later decided to provide Ripple with William Hinman’s internal emails. Upon receiving the documents, Ripple’s general counsel, Stuart Alderoty, expressed satisfaction with the outcome, further souring his perception of the SEC. Related Ripple’s Top Lawyer Slams SEC: ‘Wrong Then, Wrong Now’ Despite facing setbacks, the SEC persisted in its attempts to seal the documents and was granted permission to edit some of them.
However, it has now been revealed that the SEC’s main demand to seal the documents has not been met, indicating that the controversial emails may soon become public. What’s next? Legal experts and lawyers speculate that this decision could signify that the SEC’s case against Ripple is nearing a conclusion. However, they caution against definitively characterizing this as a positive outcome for the crypto company. Their analysis reflects a growing sense of optimism among XRP supporters, fueled by the perceived pro-Ripple tone of the ruling and the potential impact of the unsealed documents from Hinman. As the crypto community and market observers eagerly await the summary judgment ruling, the outcome of the case continues to be closely monitored. About the author Gamza Khanzadaev Financial analyst, trader and crypto enthusiast. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.
The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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According to wallet tracker @lookonchain, this whale is currently the fifth largest owner of both Dogecoin and Shiba Inu. DOGE miners sell three billion Dogecoin Twitter account @DogeWhaleAlert responded to multiple comments under those DOGE transactions, stating that that money had not been sent to buy PEPE meme coin but was likely moved to a cold wallet. As covered by U.Today earlier, Dogecoin miners sold a large portion of their crypto holdings in late March. The data was provided by IntoTheBlock on-chain data aggregator. Back in the summer of last year, miners’ DOGE holdings stood at about seven billion DOGE. Now, in March, this figure decreased by around three billion Dogecoin.
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