- Experts believe a ruling in the SEC vs. Ripple case is expected within the next few days, Hinman memos could be released to the public soon.
- Ripple counsel slams the SEC for trying to bully, bulldoze and bankrupt crypto innovation in the US instead of expanding regulatory territory.
- XRP price recovers from the recent slump; analysts expect a continuation of altcoin's uptrend.
UPDATE: XRP price has found support above key psychological level $0.30 after some positive developments in the Ripple vs SEC court saga. James K. Filan, defense attorney of Ripple Labs' CEO and Chairman Brad Garlinghouse and Christian Larsen, released a letter to Judge Torres stating the defendants had no objection to the SEC's sealing off exhibits. According to another Ripple attorney, Fred Rispoli, this means the SEC chances of winning are diminished, as "the court will have ten less documents in evidentiary record to review", while Ripple will be able to claim that "SEC had yet another chance to produce more docs to support its contention yet passed on the opportunity." Ripple price has retraced less than most of its cryptocurrency peers in the recent market bloodbath, and could have big bullish potential if this court saga againt the SEC continues to trend toward their direction.
#XRPCommunity #XRP #SECGov v. #Ripple #XRP The Ripple Defendants have filed their response to the SEC’s submission of proposed redactions to the SEC’s letter opposing Movants’ motion to file an amicus brief regarding one of the SEC’s experts. pic.twitter.com/6w8Cr5m0u9
— James K. Filan 103k+ (beware of imposters) (@FilanLaw) June 15, 2022