Supreme Court Rulings Favor Ripple in SEC Case

The Supreme Court's recognition of the need to adapt legal factors to the modern world aligns with Ripple's argument that securities laws should be interpreted within the common law framework. Ripple aims to establish that XRP does not fall under the SEC's jurisdiction as a security. The unsealing of the Hinman documents, which provide insight into how the regulator initially categorized cryptocurrencies, is set to take place on June 6. Both parties have requested an extension until June 13 to submit public and unredacted versions of their cross-motions for summary judgment. XRP continues to trade at $0.47 with weekly gains of about 9%.