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As the crash of the Terra ecosystem plunged the entire crypto market into a red sea, the price of Ripple’s XRP plummeted by a magnitude of 27%. However, the latest developments of the SEC vs. Ripple case proceedings have served to help the XRP to recover lost ground.
Ripple Responds to Hinman’s Claims
The seemingly endless lawsuit between fintech firm Ripple and the Securities and Exchange Commission continues to take twists and turns.
In the latest round of proceedings, the Ripple defense team responded to the protected emails of former SEC director of the Division of Corporation Finance, William Hinman.
Ripple claimed that the “The record, in this case, demonstrates that Mr. Hinman delivered his speech in his personal capacity”.
According to Ripple, the SEC refused to produce to either the court or defendant, citing deliberative process privilege [DPP] and attorney-client privilege.
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