Ripple: Fox reporter Eleanor Terret shared about two important decisions currently awaited by XRP holders in the SEC and Ripple case. The judge’s decision to seal the U.S. Securities and Exchange Commission’s opposition to John Deaton’s request for briefing is an important and anticipated decision. The XRP price exploded ahead of the court’s ruling in the lawsuit against the payment giant.
- 1 XRP holders await court decision in SEC and Ripple case
- 2 XRP price explodes before important decision
- 3 Share this:
XRP holders await court decision in SEC and Ripple case
AmkNews.comAs you follow, XRP holders are waiting for important decisions in the SEC and Ripple case. Experts see it as likely that judge Sarah Netburn will rule two key decisions in the case against payments giant Ripple.
Eleanor Terret, a Fox reporter, recently tweeted that two important decisions in the SEC and Ripple case could come by the end of the week. Judge Sarah Netburn may order the move to seal the US regulator’s opposition to John Deaton’s request to hold an amicus (expert) briefing by the end of the week.
The Fox reporter also highlighted the pending decision on whether the emails and documents of William Hinman, Former Director of the Securities and Exchange Commission’s Corporate Finance Division, fall within the scope of attorney-client privilege.
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
— Eleanor Terrett (@EleanorTerrett) June 21, 2022
The US regulator has made multiple efforts to hide emails containing the content of Hinman’s speech. Experts allege that the SEC removed from the appendices the expert testimony that John Deaton wanted to file under the Amicus case. However, the intentional process privilege (DPP) claim was dismissed by the court. The SEC later argued that Hinman’s emails and documents were under attorney-client privilege.
XRP price explodes before important decision
After these developments, analysts evaluated the XRP price chart. Analysts predict that the uptrend of the altcoin project will continue. Analysts at Crypto Politan say that the market valuation of the 24-hour RSI shows that XRP is in the excess territory.
If XRP stays above $0.336, it is possible to revisit the resistance at $0.40 in the current uptrend. Investors, who have been troubled by the SEC for a long time, are now impatiently waiting for the court’s decision. Experts assess that a positive decision will trigger a rally in XRP price.
At press time, Ripple (XRP) was trading at $0.366, up 12% on a daily basis, according to CoinMatketCap. The altcoin has performed quite well compared to other cryptocurrencies with its equivalent. XRP currently ranks 6th in terms of market cap. However, the altcoin is 90% off from its all-time high of $3.84.
Disclaimer: The articles and articles on AmkNews do not constitute investment advice. AmkNews.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is AmkNews an investment advisor. For this reason, AmkNews and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of AmkNews and quoting by giving a link is subject to the permission of AmkNews. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of AmkNews in violation of intellectual property law and relevant legislation.