1 year ago
William Hinman emails impact XRP price and community
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William Hinman Emails Stir XRP Community
The release of emails from former SEC official William Hinman briefly impacted XRP's price and sparked debate within the cryptocurrency community. These documents are tied to the ongoing SEC lawsuit against Ripple.
Ripple's Chief Legal Officer Stuart Alderoty argued that the emails showed Hinman ignoring warnings from colleagues that his speech was not grounded in law.
- Hinman emails release briefly boosted XRP price by 7.4%.
- Ripple argues emails show Hinman ignored warnings about his 2018 speech.
- XRP supporters claim token is 'sufficiently decentralized' like Ethereum.
- Critics debate Ripple's relationship to XRP creation and issuance.
- XRP price fluctuates with sentiment around Ripple's SEC case developments.
The controversy centers around the 'sufficiently decentralized' metric used for Ethereum, which Ripple argues should apply to XRP. Critics, however, question the comparison and Ripple's role in XRP's creation and distribution.
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