In the Ripple v. SEC case, the court rejected a request to reconsider the DPP* (Deliberative Process Privilege) ruling on Hinman’s speech, which said that Ethereum is not a security. The attorney who closely followed the case described the decision as a “huge win” for Ripple.
The court ordered the SEC to deliver, among other documents, an email containing a draft of former senior SEC official William Hinman’s controversial speech in which he said Ethereum is not a security. The SEC, on the other hand, argued that these documents were protected by the DPP.
However, the court objected to this and stated that the personal views of the institution staff were not protected by this rule. In other words, the court concluded that Hinman’s speech was not a corporate communication and therefore negotiations were not protected by this rule.
“A Huge Win”
Attorney James K. Filan, who closely follows the Ripple – SEC case, announced the decision on his Twitter account. Filan described the decision as a big win for Ripple.
*Internal processes of an institution from civil lawsuits, Freedom of Information Law requests, etc. means the principle that advocates immunity from discovery and disclosure.
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