The CEO of Ripple Labs sees it as a positive step towards transparency as the Hinman Emails will be made public in the near future.
Ripple Labs has achieved another victory in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The latest court order from Judge Analisa Torres rejected the SEC’s request to keep the Hinman speech-related documents sealed.
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According to court documents, the U.S. Securities and Exchange Commission (SEC) wanted to keep the Hinman Speech Documents sealed because they contained internal discussions by SEC officials. However, the court disagreed with the SEC’s objections raised against Judge Sarah Netburn’s findings and ruled against sealing the documents.
Judge Netburn determined that the Hinman Speech documents were not protected by the deliberative process or attorney-client privileges, contrary to the U.S. Securities and Exchange Commission’s (SEC) claims. The SEC argued that these controversial documents should be sealed because they were not relevant to the Summary Judgment Motions.
The CEO of Ripple Labs sees the upcoming release of the Hinman emails as a victory for transparency.
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