Ripple claims that the court should dismiss the US Securities and Exchange Commission’s (SEC) Hinman email decision appeals.
There have been developments between Ripple and the SEC that have been moving for a while. There was one more development in which mutual answers, objections and claims were put forward.
Ripple Responds to SEC’s Hinman Email Decisions
The U.S. Securities and Exchange Commission (SEC) has filed an objection to the court’s disclosure of emails related to former senior official William Hinman’s speech on Ethereum. Finally, Brad Garlinghouse and Chris Larsen from Ripple made some statements on this subject.
Magistrate Sarah Netburn has so far issued three orders compelling the SEC to submit the documents in question. The court ruled that the SEC must turn over Hinman’s emails in January after he argued that they were protected by deliberate process privilege (DPP).
The court also dismissed the SEC’s attorney-client privilege (ACP) claims in July. The court said that providing legal advice was not the predominant purpose of communications.
The defendants allege that the speech documents could reveal the extent of the agency’s awareness of common practices in crypto trading, potentially shedding light on regulatory uncertainty and strengthening Ripple’s fair warning defense.
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