<\/p>\n
Defense lawyer and former federal prosecutor, James K. Filan, expects the infamous Hinman Speech documents\u00a0to be released to the public by June 6, citing a previous court order.<\/p>\n
The Hinman documents relate to a 2018 speech from former Securities and Exchange Commission (SEC) corporation finance division director Bill Hinman, who essentially stated that Ether (ETH) was not a security. The documents involve the SEC\u2019s internal discussion and deliberations around this speech.<\/p>\n
In a May 17 Twitter thread, Filan, who has been actively following the SEC vs Ripple case over the past couple of years, provided an update on when the documents could be unsealed to the public. <\/p>\n
\u201cAccording to the Court\u2019s 9\/12\/2022 Order, the parties have 21 days to file public, redacted versions of Summary Judgment documents consistent with the sealing ruling. June 6th is 21 days from yesterday\u2019s ruling,\u201d he wrote. <\/p>\n
\n#XRPCommunity<\/a> #SECGov<\/a> v. #Ripple<\/a> #XRP<\/a> Update on timing regarding when we should see the documents ordered unsealed. According to the Court\u2019s 9\/12\/2022 Order, the parties have 21 days to file public, redacted versions of Summary Judgment documents consistent with the sealing\u2026 pic.twitter.com\/doV5fUxDG5<\/a><\/p>\n
\u2014 James K. Filan (@FilanLaw) May 17, 2023<\/a><\/p><\/blockquote>\n
Some, however, believe the stated timeline could be impacted should the SEC file an appeal or the case goes into a settlement.\u00a0<\/p>\n
Another lawyer following the case, Jeremy Hogan, partner at Hogan & Hogan,\u00a0noted<\/a> the SEC has roughly 10 days to file an appeal to this specific order.<\/p>\n
Others in the XRP community, such as @AshleyPROSPER1, believes<\/a> that the prospect of the documents being unsealed could spur either side to pursue a settlement, as they both may have information that they would not like the public to get their hands on. <\/p>\n
A Twitter post by Ripple CEO Brad Garlinghouse on May 16 however suggests they are keen to see the unredacted Hinman emails to be “publicly available soon.”<\/p>\n
\nAnother win for transparency! Unredacted Hinman emails to be publicly available soon – stay tuned as the lawyers work through the mechanics to make that happen. https:\/\/t.co\/o6puPypRHd https:\/\/t.co\/qmaLVeQaP8<\/p>\n
\u2014 Brad Garlinghouse (@bgarlinghouse) May 16, 2023<\/a><\/p><\/blockquote>\n
While Ripple Labs already has long had\u00a0access<\/a> to the documents, it views this aspect of the case as an important piece of evidence in its defense against the SEC and its assertions that XRP falls under the classification of a security. <\/p>\n
Related: <\/em><\/strong>Ripple acquires Swiss blockchain custody firm Metaco for $250M<\/em><\/strong><\/p>\n
The SEC filed a motion in late December to seal the documents from the public, arguing that the documents hold \u201cno relevance\u201d to the final outcome of the case, along with the SEC’s mission outweighing the \u201cpublic\u2019s right\u201d to access the documents. <\/p>\n
Ripple Labs notched a win this week after the motion officialy was denied on May 16.<\/p>\n
\n1. Yes<\/p>\n
2. The SEC has 10 days to move for reconsideration so I assume Ripple is asking them about that today…if the answer is “we are not” then they could be released sooner I imagine.<\/p>\n
\u2014 Jeremy Hogan (@attorneyjeremy1) May 17, 2023<\/a><\/p><\/blockquote>\n
Magazine: <\/em><\/strong>Crypto regulation \u2014 Does SEC Chair Gary Gensler have the final say?<\/strong><\/p>\n<\/div>\n