As the cryptocurrency sector waits for the public release of William Hinman’s old SEC records, Ripple CTO David Schwartz offers his perspective. Hinman said that Ethereum was not a security in a lecture from 2018.
As anticipation grows, rumours about whether Ripple will agree to make them public also grow.
Despite not being a lawyer, Schwartz answers to these rumours by stating that he doesn’t believe Ripple can agree not to make them public. He continues by saying that the judge has decided they are judicial records and that the public’s right to see them is unaffected by any other circumstances.
Ripple has insisted that it is still in compliance with the law ever since the case was first filed. Ripple CEO Brad Garlinghouse predicted that the SEC’s actions would be “shocking” shortly after the documents from Hinman were sent to Ripple in October but were kept under seal.
John Deaton, the creator of CryptoLaw, relates one of the judge’s rulings that emphasised the SEC’s “hypocrisy” and alleged that the SEC’s attorneys “lack a faithful allegiance to the law.”
On Twitter, CryptoLaw poses a significant query: “Why did the SEC fight so hard to prevent us from ever seeing these documents?”
The response was, “On June 13, we’ll finally know.” Cross-motions for summary judgement, public redactions of Hinman records, and additional documents are anticipated to be submitted on June 13.
While this is going on, whales are accumulating XRP. According to crypto researcher Ali, whales appear to be positive on Ripple as they have bought more than 52 million XRP, or around $22.9 million, during the last three weeks.
Santiment notes an intriguing tendency for XRP in a community member’s insight report: “There are millionaires when sentiment is at its lowest, and what’s interesting is that the trend is up.”
“Projects like XRP show how serious players are in the crypto market,” it continues.
