NewsletterRipple (XRP) Gets Hinman Docs From SEC, Elon Musk Responds
Tesla CEO Elon Musk commented on Ripple CEO Brad Garlinghouse’s tweet that the Securities and Exchange Commission has finally handover the Hinman docs to Ripple. Brad Garlinghouse warns to not believe SEC over their thinking about disclosure, transparency, and clarity. The truth may actually shock people over the behavior of the SEC.
Elon Musk Supports Ripple and XRP
Ripple CEO Brad Galinghouse in a tweet on October 21 shared Ripple General Counsel Stuart Alderoty’s tweet that revealed the SEC has finally handover the Hinman documents. It has evidence including internal SEC emails and drafts of former SEC Director Hinman’s 2018 speech that confirms Ripple’s victory in the lawsuit.
The SEC insisted Ripple to keep the docs confidential for now. The XRP community and everyone associated with the lawsuit appreciated Ripple for receiving docs after 18 months and 6 court orders later.
In fact, Tesla CEO Elon Musk responded to Brad Garlinghouse’s tweet that warns the community over the SEC’s beliefs related to disclosure, transparency, and clarity.
“The SEC wants you to think that it cares about disclosure, transparency, and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”
Elon Musk responded “No Way,” showing his support for XRP and criticism of the SEC at the same time. However, Musk is happy for the XRP community.
At the time of writing, the XRP price is trading at $0.44, down over 2%. However, XRP has bounced from the bottom at $0.43 in the last 24 hours.
Elon Musk’s History With the SEC
Tesla CEO also has a history with the SEC, where the regulator attacked him for his tweets and continues to investigate him over the Twitter deal. A 2018 consent decree forces Elon Musk to seek approval from his attorney before posting anything related to Tesla on Twitter.
Elon Musk and his legal team called the SEC action a “government-imposed muzzle.” The lawyers contend that the SEC action violates free speech rights. Moreover, the SEC has questioned Musk’s comments about the Twitter acquisition.
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