- Eleanor Terret, a fox reporter shared the two key decisions in the SEC vs. Ripple lawsuit that are currently awaited by XRP holders.
- The Judge’s decision on the US Securities and Exchange Commission’s motion to seal its opposition to John Deaton’s request to file a brief is a key decision, still awaited.
- XRP price has exploded ahead of the court’s ruling in the lawsuit against the payment giant.
XRP holders are awaiting key decisions in the SEC vs. Ripple case. Experts believe judge Sarah Netburn could rule on the two key decisions in the lawsuit against payment giant Ripple.
XRP holders await the court's decision in SEC vs. Ripple lawsuit
Eleanor Terret, a Fox reporter recently tweeted that two key decisions in the SEC vs. Ripple lawsuit could arrive by the end of the week. Judge Sarah Netburn could rule on the US regulator’s motion to seal its opposition to John Deaton’s request to file an amicus (expert) brief as early as the end of the week.
The Fox reporter highlighted the pending decision on whether William Hinman, Former Director of the Securities and Exchange Commission's Division of Corporation Finance’s emails and documents fall under attorney-client privilege.
What are we waiting for in the @SECGov vs. @Ripple lawsuit? Two things:
— Eleanor Terrett (@EleanorTerrett) June 21, 2022
1) Judge Netburn's decision on whether the Hinman emails and docs fall under attorney-client privilege.
2) Judge Torres's decision on the SEC's motion to seal its opposition to @JohnEDeaton1 request to file
The US regulator has made numerous efforts to conceal emails with contents of Hinman’s speech. Experts argue that the SEC redacted the contents of Exhibit O, that contain expert testimony that John Deaton wants to file under Amicus brief. The SEC has argued that Hinman’s emails and documents are covered by attorney-client privilege after the argument of deliberate process privilege (DPP) was rejected by the court.
Earlier this month, Judge Sarah Netburn conducted a conference call where the 10 documents were perused and this assisted the court in the decision, ahead of a ruling.
XRP price explodes ahead of key ruling
Analysts have evaluated the XRP price chart and predicted a continuation of the altcoin’s uptrend. Analysts at Crypto Politan believe the 24-hour RSI indicates that market valuation reveals XRP is in the overnought zone. If XRP price sustains above $0.336, it could revisit resistance at $0.40, in the current uptrend.
XRP-USDT price chart
FXStreet analysts identified what XRP price needs to do to wipeout its losses. For more information, watch this video:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Vitalik Buterin slams controversial gambling project ZKasino following scam allegations
Ethereum founder Vitalik Buterin took to Warpcaster, a new type of social network, to condemn ZKasino, a decentralized gambling platform based on Layer 2 Ethereum protocol zkSync.
Starknet jumps 2% after notice inviting specific groups to claim STRK airdrop
Starknet Foundation addressed the groups within the STRK community that were unable to receive the token’s airdrop during the first round. The Layer 2 chain organized an airdrop event in February.
XRP price capped at $0.55 despite retail holdings nearing all-time highs
Ripple price (XRP) failed to break resistance at $0.55 early Wednesday as traders continue to digest Ripple’s recent response to the Securities and Exchange Commission’s (SEC) allegations of illegally selling XRP as a security.
Binance founder Changpeng Zhao could face three-year jail time
US prosecutors are requesting Binance founder and former CEO Changpeng Zhao (CZ) to serve a three-year jail time, according to a Reuters report published Wednesday.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?