XRP Lawsuit: Ripple Secures Another Win Against US SEC

Also Read: Ripple In Lead As US SEC Holds Bad Win Record On Howey Test?

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Judgment In XRP Lawsuit To Land Soon?

As per the court filings, the US SEC requested to seal the Hinman Speech Documents as it reflects non-public deliberations by the agency’s officials. However, the court overruled the SEC’s objections raised to Judge Sarah Netburn’s findings.

Judge Netburn found out the infamous Hinman Speech documents did not land under the deliberative process or attorney client privileges as the US SEC claimed. Meanwhile, the commission went on to argue that controversial documents should go under the seal as it holds a lack relevance to be mentioned in the Summary Judgment Motions. Read More XRP Lawsuit News Here…

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?

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The order states that the Court disagrees with the US SEC and believes that Hinman speech memos are judicial documents that are subject to a strong presumption of public access. The controversial documents stand relevant to the Judicial function performance and can be useful in the judicial process in the eyes of the court.

Ripple Labs CEO believes that it is a win for transparency as the infamous Hinman Emails will go public soon.

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