We live in an information-rich world today, which results in mass quantities of information hitting the world at any given second! As we gather information from servers across the globe, one thing becomes clear to us all! Nothing written and passed from person to person via the internet stays hidden for a long.
When the SEC took Ripple to court nearly two years ago, you can bet they never dreamed that their emails could one day come back to haunt them. As of today, two judges in the case have now both called for the Hinman Emails to be turned over to the court. One has to conclude that the contents of these emails must put the SEC and other high-profile individuals in a compromising position.
There are many questions regarding the treatment of XRP and the word play around it being security or not security. The world is watching, and now there are whispers about settlements and judgments. However, there’s only one thing we know about this case, and it hinges on the fact that the SEC never thought they would have to cough up the Hinman emails.
I have a love-hate idea about the emails. If the emails are something that can tank the market, I do not think they should come out. However, if they are something that shows an illegal act, then the public needs to know. We have a right to know if our government officials are ripping us off as investors. Nobody should be above the law! This is the current theme, and that notion should apply to every entity of people serving in places that are supposed to protect us.
Many people are turning their eyes to lies and fraud within our government. In my opinion, some of these people didn’t think crypto would take off and become a contender for the current stock market. Both can coincide, but there needs to be stark regulation that lays out the acceptable conduct of those investing in certain sectors. At the end of the day, if we do not see the emails, it is because something a little less than sorted went down. If we see the emails, something horrible went down.
As always, I’m not giving financial advice. I’m just giving you the skinny. Be careful in the crypto world.