Ripple Secures Another Win Against US SEC; Hinman Docs To Go Public
XRP Lawsuit News: Ripple Labs, the defendant in the long running legal battle against the U.S. Securities and Exchange Commission (SEC) has managed to secure another win. In the latest court order, Judge Analisa Torres denied the US SEC’s motion to seal the infamous Hinman speech related documents.
Also Read: Ripple In Lead As US SEC Holds Bad Win Record On Howey Test?
Judgment In XRP Lawsuit To Land Soon?
As per the court filings, the US SEC requested to seal the Hinman Speech Documents as it reflects non-public deliberations by the agency’s officials. However, the court overruled the SEC’s objections raised to Judge Sarah Netburn’s findings.
Judge Netburn found out the infamous Hinman Speech documents did not land under the deliberative process or attorney client privileges as the US SEC claimed. Meanwhile, the commission went on to argue that controversial documents should go under the seal as it holds a lack relevance to be mentioned in the Summary Judgment Motions. Read More XRP Lawsuit News Here…
Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?
The order states that the Court disagrees with the US SEC and believes that Hinman speech memos are judicial documents that are subject to a strong presumption of public access. The controversial documents stan relevant to the Judicial function performance and can be useful in the judicial process in the eyes of the court.
Win For Transparency?
Brad Garlinghouse, defendant in the XRP lawsuit commented on the latest win against the US SEC. He stated that this is another win for transparency. He added that unedited Hinman email and documents will be made public soon.
The Court also went on to discard the commission’s argument that the sealing of the documents is important to preserve “openness and candor”.
Also Read: US SEC Going Ripple Way Against Coinbase?
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