XRP Back at sub-$0.40 Ahead of Today’s SEC

XRP found support from the broader market, with bitcoin (BTC) ending a nine-week losing streak driving investor appetite.

For XRP, investor concerns over the ongoing SEC v Ripple case continue to peg XRP back from a meaningful breakout.

This week, the investor focus is on a court-scheduled SEC-Ripple conference to discuss the SEC’s brief on William Hinman’s 2018 speech and the related documents.

Court Scheduled Conference to Begin at 3 pm EST Today

Last week, Judge Sarah Netburn announced a June 7 conference. The conference will focus on the SEC’s claims that all William Hinman’s speech-related documents fall under the attorney-client privilege.

In 2018, William Hinman, former SEC Director of Corporation Finance, said that bitcoin (BTC) and Ethereum (ETH) are not securities.

The speech became a bone of contention since the Ripple defense team filed a motion to compel in August 2021. Until now, Ripple Lab’s attorneys have failed to obtain documents related to the 2018 speech, despite court rulings in favor of Ripple Lab.

In May, the courts permitted the SEC to submit the additional brief claiming that all documents related to Hinman’s speech fall under the attorney-client privilege.

Since the submission, both Ripple and the SEC have responded further to the brief. This sequence of events has led to today’s conference, which could prove pivotal to the direction of the case.

Interested parties may dial into the conference, commencing at 3 pm EST. As previously shared, the dial-in details are,

USA 877-226-8215 INT 409-207-6982 Code 4713826#.

(Calling in too early will give you a wrong code message).

While the call is overnight for Asia and Europe, we can expect plenty of XRP price sensitivity to news updates from the conference.

The very fact that the SEC has, according to Ripple defense attorney Matthew Solomon, filed at least six motions opposing the Defendant’ August 10, 2021 motion to compel suggests that the content may favor Ripple’s defense.