The lawsuit between the Securities and Exchange Commission (SEC) and Ripple has been rotating around the assertion made over the infamous Hinman’s speech. The court has ordered the commission to provide 10 additional documents for in camera review to justify their claim by June 16.
Court to hammer over SEC’s assertion
Attorney James Filan in a Twitter post shared that Judge Sarah Netburn in a notice instructed the SEC to submit memos for the court’s review. It mentioned that the court earlier permitted the regulator to produce 10 exemplar documents in link with its partial reconsideration motion. It further added that the Commission wants to withhold the mentioned memos on the basis of attorney-client privilege.
Bill Hinman’s 2018 speech has been one of the major highlights of this case. The Ex Director in a conference mentioned Ethereum (ETH) is not a security. Ripple and Other defendants have tried to pull up on this particular point. However, the SEC has also defended it with different assertions.
The court notice highlighted that it has reviewed the 10 exemplar documents earlier but in the reference to the deliberative process privilege. However, they haven’t evaluated the memos listed in Attachment 1. In order to stand by its claim, SEC needs to produce the called documents for an in camera review.
SEC wants to seal its amici motion response
Filan has also shared another update related to the lawsuit. The SEC has come forward to file its appeal to seal its response to the amici motion related to the Daubert challenge. The commission here is claiming that some details that they want to seal have already been out in public by Movants’ counsel, John Deaton.
Trending Stories
To prevent further threats to the SEC’s expert, the regulator seeks to seal this and other materials. It adds that expert witnesses’ options may get challenges by the opposing party over it. However, it can also be challenged by the public in high-profile cases.
- Elrond Price Jumps By 9% Over This Announcement
- XRP Holding Better Than Most Altcoins, Here’s Why
- Breaking: Polygon, Major Blockchains Hit With Network Attack
- New Crypto Rules In Europe: A Global Standard For Regulation?
- Third Biggest Whale Adds 1,416 Bitcoins In Last 2 Days; Will This Pump BTC?
- ‘Big Short’ Michael Burry Says Bitcoin Crash Is Only Halfway Through
- These Whales Scoop $850 mln Worth FTX Tokens Ahead Of BlockFi Deal
- Breaking: El Salvador Buys 80 Bitcoin (BTC), Here’s How Prices Reacted
- U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam
- Canada-based Ledn Challenges FTX’s Bid of BlockFi Acquisition With Better Proposal
- Polygon Price Analysis: V-top Reversal may Direct MATIC to $0.31 Support
- ETH Price Analysis: Is Ethereum Dropping To Three Digits?
- Bitcoin Price Analysis- BTC on Losing Streak Nearing $17800; Will it Hold?
- NEAR Price Analysis: Falling Prices Eye $3 Breakdown; Should Coin Holders Worry?
- SHIB Price Analysis: Sustained Selling may Lead $SHIB to $0.0000074?
- Sandbox Price Analysis: Crashing SAND Prices Warns 25% Downfall
- Solana Price Analysis: $36 Breakdown Teases SOL Price to Revisit $26
- Chainlink Price Analysis: Wedge Pattern could Lead LINK price below to $5
- AAVE Price Analysis: Buyers Need $76.6 Breakout to Trigger Bullish Recovery
- Apecoin Price Analysis: Rising APE Price Knockout Another Barrier; is $6 Next?
