Decisive Week For Crypto: Hinman Docs Reveal, Congressional Hearing And More

XRP News: The digital asset market took a massive hit last week as the U.S. top financial watchdog, the Securities and Exchange Commission (SEC), sued two of the world’s biggest crypto exchanges. However, It is expected that the crypto market might witness even more volatility in this week due to scheduled mega events ahead.

Also Read: Binance To Face US DOJ’s Criminal Charges Or Its Just A FUD: Ex-SEC Exec Hints

Hinman Docs To Unseal In XRP Case

The crypto community can anticipate a roller coaster ride in the market charts this week as much anticipated crucial documents in the XRP lawsuit will be released amid the recently filed legal dispute between U.S. SEC and Binance.

As per the schedule, the world’s largest crypto exchange, Binance and its U.S. arm need to respond to the U.S. SEC’s application for a temporary restraining order by Monday. The commission asked a federal court to issue a temporary restraining order to freeze Binance.US’s assets.

Tuesday will be marked as the biggest day for Ripple Labs and other defendants in the U.S SEC Lawsuit. The infamous speech was given by then SEC Director of Corporation Finance, Bill Hinman stated in his view, Ethereum (ETH) was not security. It is expected that the sealed documents will disclose what internal discussion led the executive to suggest the nature of Ethereum. Read More XRP News Here…

The US Core Consumer price Index (CPI) will in the main focus this week followed by the crucial FOMC meeting. US CPI data will be announced on June 13, while the crucial FOMC meeting will be held from June 13-14. However, US Fed Chief Jerome Powell will give out market moving statement on June 14.

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