Ripple Scores Another Victory Against SEC as Judge Denies Protection of Hinman Speech

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Ripple Labs has scored another victory, one of its most significant wins so far, against the US Securities and Exchange Commission (SEC) in its ongoing lawsuit. The presiding judge on the case denied the Commission’s decision to protect important material relating to the lawsuit.

Ripple community lawyers have called the latest development “a very big win” for the payments company, noting that it could lead to an out-of-court settlement.

Magistrate Judge Sarah Netburn turned down the SEC’s request to protect some documents related to a speech made by former SEC Director William Hinman in 2018. In the said speech, Hinman clearly stated that Ethereum (ETH) and Bitcoin (BTC).

Originally, the regulatory watchdog did not oppose the claim that the documents in question fell outside the deliberative process privilege (DPP) covering, as it argued that the documents only contained Hinman’s personal opinions and not SEC policies.

However, the Commission later made a U-turn on the matter, arguing that the speech reflected Ripple’s policies and not the former staff’s personal opinions and should be protected under DPP.

That said, Judge Netburn cautioned the SEC not to contradict itself, noting:

“The SEC seeks to have it both ways, but the speech was either intended to reflect agency policy or it was not. Having insisted that it reflected Hinman’s personal views, the SEC cannot now reject its own position.”

Key Ripple Levels to Watch — April 13

Ripple (XRP) has recorded a steady decline over the past two weeks and has remained in this trajectory regardless of the occasional bullish momentum recorded in the broader market.

Studio Project 49
XRPUSD – 4-Hour Chart on Bitfinex. Source: TradingView.

That said, the cryptocurrency appears to have seen a bearish slow down over the past 24 hours, after touching the $0.6800 support on Monday, its lowest point since February 24, highlighting the dire situation. Furthermore, XRP currently trades within a bearish wedge, with the cap for any near-term bullish attempt at $0.7350, building a stronger case for the bears in the near term.

Meanwhile, my resistance levels are $0.7300, $0.7500, and $0.8000, and my support levels are $0.7000, $0.6800, and $0.6500.

Total Market Capitalization: $1.88 trillion

Ripple Market Capitalization: $34.4 billion

Ripple Dominance: 1.83%

Market Rank: #6


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *