Hinman Documents Unsealed! Ripple Price Surges Almost 10% With $1.8 billion Increase In Market Value
Ripple (XRP) price has reacted to the release of the Hinman documents, rising almost 10% to record a $1.8 billion increase in market value within an hour. Pro-XRP lawyer John Deaton, whose assertions came after Judge Analisa Torres rejected the US Securities and Exchange Commission’s (SEC) motion to keep these documents under wraps, had committed to unsealing the documents. Stand by b/c I’m moving @CryptoLawUS weekly livestream from Tuesday June 13 to June 14 – the 5th Anniversary of the Hinman Speech. We will have had 12-24 hours to read the emails, comments and drafts. And I promise an all star lineup of guests to help process what it all means. https://t.co/omZm9pXVZb — John E Deaton (@JohnEDeaton1) June 1, 2023 For context, the documents trace back to 2020 when the SEC alleged that Ripple and its executives illegally sold XRP tokens. At this point, it is worth mentioning that XRP, the native token of the XRPLedger, was created in 2012 without prior regis...