Ripple Lawyer Clarifies Status in Game-Changing Move in SEC Lawsuit, Whilst XRP Whales Flock To Buy Tradecurve (TCRV) Presale Tokens

Another bullish development occurs in the SEC vs XRP case, that has implications for the wider crypto world. Tradecurve is a new trading platform (now in the second stage of presale), that offers the width and breadth of financial products found in traditional finance, mixed with crypto, and decentralized to bring anonymity.

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Bill Hinman’s crucial speech is allowed as evidence for Ripple

Judge Analisa Torres just shut down the Securities and Exchange Commission's (SEC) attempt to keep certain key facts hidden. The SEC wanted to seal some documents related to a speech about crypto by Bill Hinman, a former SEC bigwig. But Judge Torres refused the motion.

For context, back in December 2020, the SEC went after Ripple Labs, accusing them of selling XRP without registering it as a security. But Ripple fought back and the case has been ongoing ever since. Hinman basically said that he didn't consider Bitcoin or Ether as securities, which is relevant to XRP as well, and goes against the stance of SEC chairperson Gary Gensler.

The SEC tried to claim that the speech was Hinman's personal opinion, not their official stance. But Ripple fired back, arguing that this speech proves the SEC has no clear definition of what actually counts as a security.

By denying the SEC's request to seal those documents, Torres handed a big win to transparency in regulation. This decision could have major implications for how cryptocurrencies are regulated in the future. The SEC has been hampering its own case through its inconsistent approach to digital assets, and this Hinman speech could be a game-changer.

Ripple's CEO, Brad Garlinghouse, called the decision "another win for transparency" and expressed confidence that Ripple would come out on top in this lawsuit. Crypto lawyers Bill Morgan and Jeremy Hogan are two of many pro XRP lawyers who have publicly spoken up in Ripple’s defense.

Tradecurve could be the next big money play

While Ripple holders are expecting to be in the money if the case goes as expected, they are also looking for the next play to get big gains. Since Ripple’s case hinges on whether cryptos like ETH and BTC are a commodity, good news here is great news for the rest of crypto and new tokens like Tradecurve.

Tradecurve’s hybrid trading model flies in the face of unnecessary regulation, and makes trading easy and accessible to all, since no KYC is needed, and many regulatory pressures do not apply to on-chain trading. Better yet, Tradecurve also allows traders to use a high amount of leverage, starting at 500:1 - something which few of its competitors can offer, (such as Binance, Robinhood, E*Trade and Etoro to name a few).

This is all made possible by the mechanism that allows traders to use their crypto as collateral. Another bullish fact is that even though the funds are deposited, they still remain self custodial, meaning that the holder keeps them in their wallet. This is in contrast to the to CEXes like Robinhood, who, if they were to go under just as the centralized exchange FTX did, would take your hard earned crypto with them.

TCRV is the native token of the platform and can be used for trading discounts, staking and more. TCRV is currently for sale at $0.012, and is forecasted to rise by 800% over the next month.

For more information about the Tradecurve presale:

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Click Here To Buy TCRV Presale Tokens

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