{"id":49876,"date":"2023-05-17T07:15:02","date_gmt":"2023-05-17T11:15:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=49876"},"modified":"2023-05-17T07:15:05","modified_gmt":"2023-05-17T11:15:05","slug":"xrp-surges-as-judge-exposes-secs-ethereum-documents","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xrp-surges-as-judge-exposes-secs-ethereum-documents\/","title":{"rendered":"XRP surges as judge exposes SEC\u2019s Ethereum documents"},"content":{"rendered":"\n

Judge Analisa Torres has denied the SEC's attempt to conceal the records of its former official's speech on Ethereum. The XRP community<\/a> views this as a boost for Ripple's legal battle with the regulator.<\/p>\n\n\n\n

\"XRP<\/figure>\n\n\n\n

In 2018, an SEC official, William Hinman,<\/a> declared that Ethereum (ETH) was not a security \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>because it had attained enough decentralization. <\/p>\n\n\n\n

The XRP community claimed that the speech unfairly favoured Ethereum over other digital assets in the industry and has made it a vital issue in the ongoing lawsuit.<\/p>\n\n\n\n

The Judge rejected the SEC's <\/a>motion to seal the documents related to Hinman's speech, saying the deliberative process privilege does not cover them and is therefore available to the public. <\/p>\n\n\n\n

In addition, the Judge stated that the documents are relevant to the judicial function and beneficial to the judicial procedure.<\/p>\n\n\n\n

Ripple and XRP Reactions<\/h3>\n\n\n\n

The CEO of Ripple, Brad Garlinghouse, hailed the judgment <\/use><\/svg><\/span><\/a>as another win for transparency and stated that the unredacted Hinman emails would be made public soon. <\/p>\n\n\n\n

Web3 lawyer Jeremy Hynes said the documents would either disclose bad faith or some embarrassing emails showing the confusion within the SEC. XRP surged 7% <\/use><\/svg><\/span><\/a>in response to the news, reaching $0.4478 at press time.<\/p>\n\n\n\n

\n

These emails will either show bad faith or just some embarrassing emails showing the nightmare state of confusion the SEC is in itself (Or both). If I was a betting man, I\u2019d guess the latter, but go ahead, tell me why I\u2019m wrong \ud83d\ude02\ud83d\udc47 https:\/\/t.co\/pLuN1y9MdP<\/use><\/svg><\/span><\/a><\/p>— Jesse \ud83c\udf31 (@Wenmoonlaw) May 17, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Judge Analisa Torres has denied the SEC’s attempt to conceal the records of its former official’s speech on Ethereum. The XRP community views this as a boost for Ripple’s legal battle with the regulator. In 2018, an SEC official, William Hinman, declared that Ethereum (ETH) was not a security because it had attained enough decentralization. […]<\/p>\n","protected":false},"author":44,"featured_media":49881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[884,10922,4680],"class_list":["post-49876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-regulations","tag-ripple-vs-sec-3","tag-xrp-lawsuit"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/ripple-sec.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=49876"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49881"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=49876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=49876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=49876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}