Rippletroubled by SEC While the case continues at full speed, many documents submitted to the court now give the signals that the case will come to an end.
Earlier in the lawsuit, the SEC found that William Hinman, former director of the SEC’s Corporate Finance Division, Their email about the 2018 Ethereum talktried to prevent its publication. After this incident, Ripple counterattacked.
Because the SEC director of that period stated that ETH was not a security in his statement about Ethereum. Ripple, on the other hand, is trying to turn the case in its favor by using these emails, proving that the SEC has not considered ETH and some cryptocurrencies as securities in the past.
The Ripple defendants have requested additional time to submit their responses to the former SEC official’s renewed allegations over emails due today.
While the SEC continued its insistent stance to prevent the e-mails from being released, it also claimed that the documents were protected by attorney-client privilege. The SEC still hasn’t given up on this claim.
All Documents Are Extremely Important For The Progress Of The Case And Both Parties Are Fully Aware Of This!
Another important defense previously shared by James K. Filan concerned the SEC’s response to the Ripple defendants’ response. These are expected to arrive in the next seven days, and by May 18 at the latest.