XRP Lawsuit News: Ripple’s native crypto, XRP is on a surge despite facing minor resistances and change of sentiments in the market. As the U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit unveiled the Hinman speech documents to the public, XRP holders’ lawyer suggests that the defendants’ ownership of the outstanding XRP was never the issue.
Also Read: Ripple Seek To File For Misconduct Post Hinman Docs Release?
XRP Didn’t Make It To Safe Harbor
Attorney John Deaton, Amicus Curiae in the long running XRP lawsuit mentioned the Safe Harbor Proposal. He highlighted Warren Davidson, a United States Representative’s statement which conveys that some blame must be placed on former SEC executives Clayton and Hinman’s tenure.
As per the attorney, Andreessen Horowitz (a16z) representative met with then SEC director Hinman on March 28, 2018. It is important to note that Hinman received a lengthy memo with a Safe Harbor Proposal prior to this meeting. As the meeting was held, Ethereum (ETH) was the only token that made it to the safe harbor. However, this rule could have been applied to other tokens as well, except the XRP lawyer. Read More XRP Lawsuit News Here…