SEC v. Ripple: Ruling slams regulator for hypocrisy

• Judge Sarah Netburn accused regulators of hypocrisy and accused them of hiding documents in the SEC v. Ripple case.
• Experts argue that the case is headed toward the disqualification of some SEC attorneys because Judge Netburn questioned their loyal loyalty to the law.
• A bullish cross between the 50-day EMA and the 100-day EMA could push XRP price above $0.36.

of United States District Court refused U.S. Securities and Exchange Commission (SEC) Request to Withhold Hinman Papers SEC vs. Ripple CaseJudge Sarah Netburn dismissed the SEC’s motion on attorney-client privilege grounds and accused the SEC of failing to act in “good faith loyalty to the law.”

Also read: SEC v. Ripple: Defendants and Regulators Conflict Over Expert Reports

The Court Denies the SEC’s Request to Withhold Hinman’s 2018 Speech.

July 12th, Judge Sarah Netburn dismissed the SEC’s motion on the grounds of attorney-client privilege and intentional process privilege. Judge Netburn accused the regulator of concealing documents that could answer relevant questions before the court, which she cited as egregious in her actions, which she blamed on her agency’s “faithful loyalty to the law”

of House Financial Services Committee We will hold a supervisory hearing at the SEC Enforcement Office next Tuesday, Chairman Maxine Waters We have the opportunity to ask regulators where their loyalties lie. Roslyn LaytonSenior contributor at Forbes.

Payments giant Ripple has centered its defense on Hinman’s market-moving speech, which proves the SEC’s failure to give the market fair notice of the XRP situation. Since this revelation SEC requested to retain Hinman’s emails, speech drafts and calendar and relevant documents during his tenure underwrapciting attorney client and intentional process privilege.

In her decision, Judge Netburn wrote:

[]…Hinman obtained legal advice from SEC attorneys in drafting his speech, suggesting that the SEC was not out of loyal loyalty to the law, but to further its desired goals. suggesting that it is adopting a litigation position.

Card’s SEC Attorney Disqualification?

XRP Advocate, digital asset investorshared their thoughts Netburn Judgment Against SEC And he argued that the case was headed toward the disqualification of some SEC attorneys. “We are adopting a litigation position in order to do so.”

If this happens, XRP price could breakout to $0.45

XRP price If the altcoin closes the 12-hour candle above $0.36, we could witness a bullish breakout to $0.45. At the time of writing, XRP is trading at his $0.36. The second largest altcoin could fall if he fails to overcome the $0.36 resistance wall.

FXStreet analysts claim that XRP can undo its gains under one condition.Watch the following video for price targets and more information.