shocking materials revealed meetings on june 7th xrp to 95 000 the court session that
took place on the eve was again devoted to the infamous hinman letters which the sec is trying
hard not to transfer to ripple although judge netburn has already ordered them to do so twice
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take a look at the instructions in the comments section all you need to do is write the word xrp
watch the video to the end to like and subscribe initially they claimed that the documents were
protected by the privilege of the deliberative process but the judge rejected this argument
since hinman himself had previously stated that the speech was his personal opinion
after the sec stated that these documents fall under the protection of attorney-client privilege
which was the topic of this hearing we will immediately warn you that judge netburn did
not make her decision on this issue but judging by the course of the meeting it will probably be in
favor of ripple as noted by lawyer jeremy hogan who follows the case and comments on it for his
subscribers this issue in the case for the sec was a losing one in advance since the court had
previously expressed its position that hinman's speech was his personal opinion the sec's lawyer
tried to claim that hinman received legal advice on how the commission applies the howie test to
digital assets and wanted to make sure that his speech was consistent with the sec's position
after that the judge asked a question to establish whether this position is held today
that hinman's speech was his personal opinion and the sec lawyer confirmed that yes this is a court
decision but it did not matter in this case this led to a question from the judge that if hinman
was seeking legal advice from sec lawyers then they were advising the sec not hinman noting
that if this was his personal opinion then what was legal advice needed for in addition
the sec lawyer made another big mistake that will haunt them in the future when the judge asked
the sec if they thought hinman's speech reflected the opinion of the corporate finance division the
lawyer's first response was yes and later said that the purpose of the speech was to present
guidance to the market on how the sec would treat digital assets this statement hogan believes makes
hindman speech an argument for defending ripple the fair notice since the speech was after all a
guide for the market which means it could become a guide to whether xrp was a security the defendants
claimed that the sec deliberately refused to answer most of the questions raised in the rfa
ripple has filed a letter confirming its claim that the securities and exchange commission
sec intentionally gave incomplete answers to its fourth set of admission requests rfa lawyer
james k phelan a former u.s federal prosecutor shared about the development of events who wrote
on twitter ripple defendants are filing a response letter in support of their motion for deficiencies
in the sec's responses to the fourth set of ripple defendant submission requests hashtag
xrp community hashtag secgov hashtag ripple hashtag xrp ripple defendants file a reply letter
in further support of their motion regarding the deficiencies in the sec's responses to the ripple
defendant's fourth set of requests for admissions this came a week after the sec challenged ripple's
opposition over how it answered some of the questions contained in the rfa document
recall that the sec stated that it did not properly answer some of the rfa's questions only
when it did not have sufficient information or understanding of the issue the lack of information
according to the sec prompted her not to confirm or deny some of the issues contained in the rfa
especially the video involving hinman yes yes the sec did not say that it could not confirm
whether her former employee hinman was really in the video ripple criticized the sec in a recent
motion saying that the securities and exchange commission fully understands almost all the
issues identified in the rfa document however the sec decided to use a different tactic to avoid
responding to most of the rfa's ripple claims the blockchain company highlighted seven points
confirming its statement that the sec deliberately decided not to respond to most of the rfa
the sec's claim that it cannot respond to these rfas because it does not understand the terms
market participants oia requests or finhab requests does not pass verification the sec
understands exactly what it is being asked to recognize that until december twenty second twenty
twenty two several people asked oia and fin hub if xrp was a security and the sec never replied
that it was says an excerpt from ripple's petition recall that the securities and exchange commission
asked the court to reject ripple's objection in accordance with rule 36 of the civil procedure law
ripple also referred to the same rule 36 of the civil procedure law in its last sentence
stating that the rule requires the sec to respond fairly to defendants rfa requests for admission
are not battle games in which the nominating party must guess the exact language coordinates
that the responding party considers necessary ripple's lawyers ad a lawsuit filed by the u s
securities and exchange commission against ripple labs for the alleged sale of unlicensed securities
in the form of ripple's native token xrp caused unstable pricing during the first few months of
litigation despite the fact that ripple received significant support from the crypto community
ripple ceo brad garlinghouse is confident that the lengthy litigation will end favorably for ripple
noting in a fireside conversation hosted by cnbc at the paris blockchain week summit in april that
the trial went extremely well and much better than i could have hoped when it started about
15 months ago adding that the wheels of justice turn slowly along with the company xrp holders
and crypto supporters are seeing increasingly optimistic signs that things will end well
as the company has won a number of victories over the past month as ripple labs consistently
claims that xrp is being used as an intermediary intended for money transfers and not a security
the case which began at the end of 2020 led to the suspension of xrp trading in december
2020 on the crypto altum platform however now due to increased liquidity from crypto ultim
liquidity providers all ripple xrp pairs are now available for trading on their mt5 platform
crypto altum offers a number of xrp pairs that are currently the following are offered among others
offering a wide range of cryptocurrencies crypto altum continues to adapt its services as the
growing cryptocurrency market changes and develops with a team of professionals from the forex world
and trading commissions that are the lowest on the market traders can register on the next generation
cryptocurrency trading platform where they will be able to move their funds instantly as the traders
funds are securely stored in an electronic wallet without the need for a lengthy approval process
it should be noted that cryptoaltum traders can also deposit and withdraw xrp from their trading
accounts and that they offer up to twenty thousand dollars of free cryptocurrency conversions per
client per month investors are looking forward to tomorrow's sec conference against ripple
dedicated to the speeches of william hinman last week judge sarah netburn announced the june 7th
conference in response to saks may 18 application in its letter the sec claims the documents related
to william hinsman's speech in 2018 are protected by attorney-client privilege during the sec case
against ripple former corporate finance director william hinman took center stage in his speech in
2018 hinman stated that ether is not a security but most of all ripple's lawyers are interested
in how the commission determined that bitcoin and ether are not securities in addition some
facts indicate that in june 2018 lawyers of the securities and exchange commission investigated
xrp and did not consider it a security the current price of x rp for today you can see
yourself on the screens and the trading volume for 24 hours is one two nine four four three six zero
six five us dollars we are updating our xrp price in us dollars in real time xrp has dropped four
eight percent in the last 24 hours do you think xrp will be able to win the court and restore its
former price write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel