{"id":349125,"date":"2022-10-01T01:46:14","date_gmt":"2022-10-01T05:46:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=349125"},"modified":"2022-10-02T01:49:15","modified_gmt":"2022-10-02T05:49:15","slug":"ripple-scores-another-big-win-against-the-us-sec","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ripple-scores-another-big-win-against-the-us-sec","title":{"rendered":"Ripple scores another big win against the US SEC"},"content":{"rendered":"

It has been nearly two years since the US SEC filed a lawsuit against Ripple, the creator of the cryptocurrency XRP, claiming that the project has sold an unregistered security. The SEC also accused Ripple\u2019s executives of fraud, claiming that they misused their project to enhance their own personal wealth.<\/p>\n

However, the lawsuit has not gone the way the SEC intended it to, as Ripple managed to secure a number of small victories in the past two years. The latest one was reported mere hours ago, as the US District Court Judge Analisa Torres overruled the SEC\u2019s attempt to withhold the documents involving the speech of the former Division Director William Hinman. Hinman\u2019s speech is deemed highly important, as it was crucial in establishing Bitcoin and Ethereum as non-securities.<\/p>\n

Why do the Hinman documents matter?<\/h2>\n

Ripple believes that the arguments used within the document could benefit its case, and given the fact that the SEC refused to release them, this may very well be the case. However, Judge Analisa Torres ordered the regulator to release the documents.<\/p>\n

For the time being, it remains unclear whether the language used in the document will actually be meaningful for the company and its token. There is a considerable amount of confusion involved, due to the circumstances surrounding the speech, as well as Hinman\u2019s actions prior to it.<\/p>\n

However, as it could be relevant to the case, Judge Torres decided that the SEC\u2019s objections to the request should be overruled. She declared that the emails and drafts of the speech were not protected by deliberative process privilege, as the SEC previously claimed. The SEC then attempted to take a different route, claiming attorney-client privilege over the documents. This was previously overruled in July.<\/p>\n

\n

Judge Torres agreed with Judge Netburn on EVERY single issue related to the HINMAN EMAILS.<\/p>\n

Relevance: Check
Attorney-Client Privilege: Check
DPP: Check<\/p>\n

Some days I'm proud of this profession. \ud83d\ude42#TurnOverTheEmails<\/a> https:\/\/t.co\/KoGrgm953S<\/a><\/p>\n

— Jeremy Hogan (@attorneyjeremy1) September 29, 2022<\/a><\/p><\/blockquote>\n