24/7 Cryptocurrency News

SEC Vs Ripple: Regulator Doubles Down On Blocking Hinman Memos

The U.S. Securities and Exchange Commission (SEC) has come forward to file another reply to protect the controversial Hinman speech.
Published by
SEC Vs Ripple: Regulator Doubles Down On Blocking Hinman Memos

The U.S. Securities and Exchange Commission (SEC) has come forward to file another reply to protect the controversial Hinman speech. This letter is a reply to Ripple Defendants’ opposition filed over SEC’s claim over Speech and its related memos.

Advertisement

Hinman didn’t give speech in personal capacity

The commission is still shielding the internal documents related to the infamous Ethereum (ETH) praising speech over attorney-client privilege. The SEC claims that legal advice gained by then Director Hinman by attorneys and other staff comes under the umbrella of this privilege. It further claimed that sections of final drafts and emails passing the guidance over the speech.

The SEC has mentioned that the Defendants’ reply claims that Hinman developed and delivered the speech in his “personal capacity”. The agency raises a point that the court has never said that speech was developed and delivered in  “personal capacity”. However, the court decreed that former Director’s speech presents its “personal views” on the matter.

Advertisement

SEC agrees to produce redacted draft for review

Meanwhile, Commission has agreed to submit its proposed redactions of the draft for an in camera review if the court decides so. Earlier, the defendants asked the SEC to produce the DPP redactions and documents held under the Attorney client Privilege for in camera review. Opposition added that the court should review and decide whether the memos should be consider legal advice or not.

The commission added that Even if the speech carried its personal view, Hinnam did not deliver in his “personal capacity”. It asserts that Speech would have not any relevance to its defense if it was not give by any senior SEC employee. Over these assertions, SEC still holds the fort that the legal advice for the Speech comes under the mentioned privilege.

Earlier, Ripple Defendants also filed the motion compelling the SEC’s inadequate reply to their requested admissions. The letter mentions that requests aim to shorten the lawsuit for a benefit of both parties.

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun responded to World Liberty Financial freezing his wallet by promising to purchase $20…

September 6, 2025