XRP Jumps as Hinman Speech Released in Ripple Labs Filing

XRP prices jumped 7.4% in the past 24 hours to buck nominal gains in the broader crypto market as traders likely bet on a favorable outcome for payments company Ripple Labs in its ongoing Ripple vs SEC lawsuit.

These gains came as documents tied to William Hinman, the former director of the U.S. Securities and Exchange Commission (SEC)’s Division of Corporation Finance from 2017 to 2020, were released to the public in connection with the SEC’s lawsuit against Ripple Labs.

Source: XRP Jumps as Hinman Speech Released in Ripple Labs Filing