Origin of the jump stop?

[DC_Ref12]

I'm having a discussion with a friend who is not an official. He claims (based on nothing in particular) that the jump stop rule came about because players in the mid-90s started using this move, which was flashy and exciting, so the NCAA adopted a rule to allow it. In other words, under the old traveling rules, the jump stop actually wouldn't be allowed.

Anyone have any insight as to the history of the jump stop rule so I can ejumacate this dude?

Thanks.