Sign Up on MEXCRipple Pushes SEC To Disclose Hinman Speech Documents
The U.S. Securities and Exchange Commission (SEC) has put all its strength to protect the Infamous Hinman speech related documents. However, Ripple and other defendants in the lawsuit have filed their reply over the Commission’s objection to the court orders.
SEC relies on contradictory arguments
Attorney James Filan in a Tweet mentioned that the defendants have objected to the SEC’s protest of Judge Netburn’s decisions over the Attorney Client Privilege and DPP claims.
Ripple, Brad Garlinghouse and Chris Larsen have demanded the SEC’s objection must be denied. They highlighted that the commission’s real protest seems to be Judge Netburn not accepting their request to withdraw her findings.
As per the filing, the defendants said that the SEC has realised belatedly the legal implications of its attempts to implicate the speech as the outside activity of Hinman. Earlier, Coingape reported that Ripple called the commission’s motion to protect Hinman’s speech premature.
This time Ripple mentioned that the SEC is seeking to put the toothpaste back in the tube. It added that the watchdog is relying on self contradictory arguments to avoid the outcome of its applied strategy. It mentioned that this was not an error while it was the faithful application of the law.
Watchdog still trying to dodge court orders
The Commission has already tried to dodge the court orders to reveal the Hinam speech related documents. However, Ripple mentioned that after multiple rounds of briefings, hearings, ain camera reviews, and requests for reconsideration Judge ordered the SEC to prejudice these crucial documents.
It also added that the commission is still arguing that the Judge erred in the finding about the documents. Meanwhile, the court found out that it is relevant to the claims, it is not protected by the DPP and it also does not come under the Attorney client privilege. However, the SEC has proved to be wrong over its all claims.
- First U.S. Spot Dogecoin and XRP ETFs Launch as REX-Osprey Debuts DOJE and XRPR
- Analyst Calls $6 XRP Target for November Amid Ripple CEO’s White House Stockpile Hint
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Bitcoin Will 200x From Here, Twenty One Capital CEO Says as BTC Breaks $117K After Fed Rate Cut
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
