Another win for Ripple as will be entitled to question a former SEC official. William H. Hinman was a director of the SEC’s Division of Corporate Finance and said, in 2018, that “bitcoin and ether are not securities.”
A court in the US agrees that Ripple access to the SEC trading regulations. Elon Musk and Dogecoin developers seek to reduce transaction fees by 90%. Magistrate Judge Sarah Netburn approved the request of the company Ripple Labs to access the internal trading policies of the SEC.
Ripple former CTO and co-founder of the company, Jed McCaleb, received 408,123,659 XRPs, valued at the time of the transaction about US$420,345,540 as part of a legal agreement he has with his ex-company.
Bybt recently estimated that Grayscale had withdrawn XRP from its investment funds. The move came a day after the United States Securities and Exchange Commission (SEC) filed against Ripple, and as a result, Grayscale has decided to focus more on Bitcoin.
Ripple legal troubles seem to be rising each day. As per the Block report on Dec 28, 21Shares, a Swiss ETP issuer asset manager, is delisting XRP from its exchange-traded products (ETP) in line with the firm’s index rules and on recent event’s of Ripple.
Crypto Exchanges dropped XRP from their listings or even suspended trading the asset, after US Securities and Exchange Commission (SEC) filling a suit against the two XRP’s executives.