News

Why Didn’t US SEC Appeal Over Hinman Docs? Is It Looking To Settle?

Reports suggest that the U.S. SEC had the option to file an interlocutory appeal against the decision announced around Hinman Docs.
Published by
Why Didn’t US SEC Appeal Over Hinman Docs? Is It Looking To Settle?

XRP News: Ripple labs and U.S. Securities and Exchange Commission filed a joint letter in the court seeking one week extension to submit public, unredacted versions of Hinman speech documents. However, the court granted both parties’ request for an extension of time to June 13, 2023. Meanwhile, the U.S. SEC not utilizing its option to appeal against the court order to reveal controversial documents has sparked rumors of a might be Settlement with the defendants.

Also Read: Ripple CEO Warns “Confusing Laws” Will Push Crypto Firms To Leave US

Advertisement

Why Didn’t US SEC Appeal?

As per reports, U.S. SEC had the option to file an interlocutory appeal against the decision. While the commission had 10 days to file a reconsideration in the matter.

Attorney John Deaton, amicus curiae in the XRP lawsuit gave out reasons over Why didn’t the U.S. SEC file an appeal. He highlighted that the commission could have submitted a Writ of Mandamus but it would be failed. He added that even if the judge allowed them to file an interlocutory appeal on the documents, it would also fail.

He mentioned that the 2nd circuit court of Appeals would not overturn its decision that the email linked to the Hinman speech is not shielded by the attorney client or Deliberative process privilege. Read More XRP News Here…

Also Read: Will Central Banks Utilise XRP Via Ripple’s CBDC Platform?

The XRP holders’ lawyer rejected the rumors building around the settlement discussions between the parties. He stated if Hinman’s speech docs would have led to a settlement in the case then it would have come before handing over them to the defendants.

Advertisement

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

  • News

$1.68 Trillion T. Rowe Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025
  • News

Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation

Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…

October 22, 2025
  • News

Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges Amid Scam Allegations

Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…

October 22, 2025