Ripple Labs with US Securities and Exchange Commission (SEC) In the case that has been going on for more than 1.5 years between Ripple (XRP) made a substantial profit.
Ripple is a long-time SEC former senior SEC official, William Hinman. Ethereum (ETH) He wanted a draft of his speech delivered, which he said was not a security.
In this context, US District Court Judge Analisa Torres decided last week that the SEC should hand over the documents to Ripple.
Fulfilling the court order, the SEC delivered internal documents to Ripple Labs containing comments from former SEC Corporation Finance Division director William Hinman on cryptocurrencies.
The news that the Hinman documents were delivered to Ripple Stuart Alderoty, Ripple General Counsel He announced it through a post on Twitter.
Alderoty shared the following statements:
“After more than 18 months and 6 court rulings, we finally have the Hinman documents (internal SEC emails and drafts of his infamous 2018 speech).
While they remain hidden for now (at the insistence of the SEC), I would say the fight to get them was well worth it.”
Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC’s insistence), I can say that it was well worth the fight to get them.
— Stuart Alderoty (@s_alderoty) October 20, 2022
As is known, the SEC filed the aforementioned lawsuit against Ripple in 2020, accusing Ripple Labs of using the XRP token as an unregistered security.
The case is also important for the cryptocurrency market. Because the outcome of the lawsuit could set a precedent for US regulators in the classification of cryptocurrencies.
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