Ripple saw a number of successful advances this week, which has caused some people to speculate that “big news” may be forthcoming.
A member of the XRP community highlights the abundance of good news and events that happened just days after Judge Torres made his decision about the Hinman emails.
He mentions the $250 million purchase of Metaco, the launch of the CBDC platform, the CBDC pilot in Hong Kong, and the addition of an ex-Amazon CFO to the team. Additionally, he mentioned that earlier this month Ripple announced its expansion into Dubai and was rated as the top CBDC provider out of a field of 15 rivals.
Just 72 hours after Judge Torres’ decision about Hinman’s emails, Mr. Huber, a prominent member of the XRP community, is thrilled by the flurry of good news. He claims that as a result, he is eagerly anticipating the approaching week.
Bill Morgan, an advocate for XRP and a cryptocurrency lawyer, responded to a tweet on Twitter by speculating that despite all the great developments Ripple has witnessed this week, a storm may be on the horizon.
Here’s throwback
Judge Torres rejected the SEC’s request to seal the Hinman documents on May 16. On May 17, Ripple said that it will enter the cryptocurrency custody business by paying $250 million for the Swiss company Metaco.
Four nations are ready to use Ripple’s improved central bank digital currency (CBDC) technology, which the company presented on May 18.
On May 19, Ripple said that former Amazon CEO Warren Jenson will join the company’s board and lead the audit committee.
The Hong Kong Monetary Authority (HKMA) launched its first e-HKD Pilot Programme that same week, and Ripple announced that it had been chosen to demonstrate a real estate asset tokenization solution as part of the programme. In addition, Ripple won two accolades at the recently held 2023 Digital Currency Awards.
The parties to the Ripple SEC case have submitted a joint letter asking for a one-week extension, until June 13, 2023, to submit public, undeleted copies of their cross-motions for summary judgement and related exhibits, which include the Hinman papers.
The creator of CryptoLaw, John Deaton, speculates that the SEC’s request for a time extension may be motivated by the sheer volume of papers that need to be meticulously redacted in order to comply with Judge Torres’ rule.
In response to rumours that the time extension may have resulted from fresh settlement negotiations, he said that this may not be the case.
