US Securities and Exchange Commission (SEC) with Ripple (XRP)A new development took place today in the lawsuit that has been going on for more than a year.
The judge in the Ripple-SEC case, whose outcome is eagerly awaited by cryptocurrency investors Sarah Netburnthe SEC “Request to reconsider the decision to uncover the Hinman documents” refused.
As it will be remembered, in the past months, the court dismissed the ex-high-ranking SEC. SEC official William Hinman He had asked him to submit a draft of his speech, in which he said Ethereum was not a security.
The SEC states that the speeches in question are among the documents that are exempt from being delivered. deliberate process privilege (DDP) He objected to this claim, claiming that he was protected by
However, the court decided that this objection of the SEC was not valid, that is, Hinman’s speeches, which were requested from the SEC, were not protected by the DDP.
Lawyers following the case closely. James K. Filan In his post on Twitter, this decision is for Ripple. “a great victory” argued that.
This is a very big win for Ripple.
— James K. Filan 🇺🇸🇮🇪90k+ (beware of imposters) (@FilanLaw) April 11, 2022
RippleWhile demanding that Hinman’s speeches about Ethereum be accepted as the opinion of the regulator, the SEC argues that the statements in question do not bind the institution, but are just Hinman’s personal views.
Ripple also believes that these conversations will provide clarity on “whether XRP is a security,” which is the main focus of the ongoing lawsuit with the SEC.