Will this be XRP’s Final Score? Ripple has Access to Hinman’s Documents

• Ripple is finally in possession of Himan’s documents while Musk nods to Brad Garlinghouse’s sentiments.
• If Ripple manages to win against the SEC in court, the whole crypto industry will go ballistic and XRP might hit its peak of $3.81 by 2025.

The Securities and Exchange Commission (SEC) has finally handed over emails and drafts related to its former CEO, William Hinman, to Ripple Labs. This is a major victory for Ripple in its ongoing legal battle with the SEC, which alleges that XRP is a security.

The documents in question contain Hinman’s infamous speech at the Yahoo Finance summit in 2018, in which he declared that Ethereum is not a security. The SEC has argued that Hinman’s speech was his personal opinion and does not reflect the views of the SEC as a whole. However, Ripple has argued that the speech is evidence that the SEC is inconsistent in its treatment of cryptocurrencies.

The SEC has repeatedly resisted court orders to turn over the Hinman documents, arguing that they are protected by attorney-client privilege and deliberative process privilege. However, a federal judge in Manhattan overruled the SEC’s objections and ordered the documents to be produced.

Ripple CEO Brad Garlinghouse welcomed the SEC’s decision to hand over the documents. “The SEC wants you to think that it cares about disclosure and transparency,” Garlinghouse tweeted. “Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”

Elon Musk, the CEO of Tesla and SpaceX, also weighed in on the SEC’s decision, tweeting “No way.” Musk’s tweet was met with excitement from the XRP community, as many see it as a sign of support for Ripple.

The SEC’s decision to hand over the Hinman documents is a major victory for Ripple, but it is not the end of the legal battle. The SEC is still alleging that XRP is a security, and the case is still ongoing. However, the documents in question could be a major blow to the SEC’s case.

If Ripple is successful in its legal battle with the SEC, it could have a major impact on the cryptocurrency industry. The outcome of the case could set a precedent for how other cryptocurrencies are regulated, and it could also have a significant impact on the price of XRP.