The crypto world waits for a critical milestone that is tomorrow – in which the Hinman documents will be revealed to the public. These set of documents are critically important to XRP as it forms an early basis on the U.S. SEC’s view regarding certain digital tokens.
Coincidentally, the SEC also sued Binance and Coinbase in the last week. Can the timing of the one-two punch gives a hint as to the deliberation that is ongoing between XRP and SEC? No one knows for certain. But, if a settlement is the most realistic approach, then it makes sense for the SEC to deliver the suit against Binance and Coinbase before a summary judgment is given for the XRP vs SEC case. This is just our conjecture and we leave it to the readers to form their own hypothesis.
If a settlement deal has indeed been reached between XRP and SEC, this would most likely propel XRP price to new highs. This would explain XRP’s bullish trend in the last few weeks, even in the face of a severe crypto market sell-offs.
A settlement deal may also give the broader crypto market an uplift as it goes to show that even the SEC can “settle” for its initial allegation of XRP being a securities.
We shall see how it goes tomorrow.
