Ripple Vs SEC: 

Feb 18, 2022

Court To Unseal SEC Memos Publicly Today; Why Wait Is Worth It? What’s SEC New Motion All About?

SEC vs Ripple lawsuit has come to its edge where every next step will define the future of the XRP token or regulation policies made by the government. 

In this bid, the SEC has filed a motion regarding the drafts of Bill Hinman’s June 2018 speech depicting his views that ‘Ether was not a security.’

The Commission has filed the motion for reconsideration and clarification of Judge Netburn’s deliberate process privilege (DPP) ruling. 

The agency contends that Judge’s ruling that Hinman speech emails, drafts, and meeting notes are not covered by DPP.

The SEC believes that Ripple and its then CEO, Christian Larsen were aware that XRP would be viewed as security under government regulations

The regulatory activities of the SEC have renewed calls for market participants to oppose the agency.

Supporters of Ripple have urged Elon Musk to join forces with them to fight against the securities regulator. This is following the Tesla CEO’s filing of an accusation against the SEC.

It is difficult that the court will accept SEC’s motion to exclude Hinman’s speech which refers to it as it was intended to convey the general approach by the agency.