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$SHIBUSD $XRP.X $XRPUSD: Ripple Scores Decisive Win in SEC Lawsuit

By David Thomas

29 September 2022, 22:54 GMT+0000

Updated by Ali Martinez

29 September 2022, 23:33 GMT+0000

In Brief

Judge Analisa Torres upholds earlier rulings by Judge Sarah Netburn and orders SEC to produce documents related to the 2018 Hinman speech.

Judge Torres denies SEC objections to Judge Netburn's rulings on due process privilege, attorney-client privilege, and the relevance of Hinman's speech documents.

XRP rallied 10% after the ruling was announced.

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Ripple Labs scores a big win as Judge Torres orders the SEC to hand over documents from a 2018 speech made by then-SEC Director of the SEC’S Corporate Finance Division, William Hinman.

This ruling comes after a lengthy battle that could decide the fate of many cryptocurrencies.