Комисија за хартије од вредности (СЕЦ) је била одбијен a motion to conceal former director William Hinman’s speech drafts, in which he said ether wasn’t a security.
District Judge Sarah Netburn ordered the emails and drafts of Hinman’s speech weren’t protected by deliberative process privilege (DPP) in August 2021, because they reflect the director’s personal opinions of securities law rather than the SEC’s. The SEC motioned for reconsideration; it was denied.
The SEC then argued the documents should be protected under attorney-client privilege in July. Netburn denied; the SEC appealed; District Court Judge Analisa Torres denied the motion on Thursday.
In her statement explaining the denial, Judge Netburn said the SEC was acting immoral in its bid to keep the speech drafts out of court by grasping at straws with legalese. Despite the commission’s best attempts, the Hinman speech drafts must be produced.
„Лицемерје тврди суду, с једне стране, да говор није релевантан за разумевање тржишта о томе како или да ли ће СЕЦ регулисати криптовалуте, а са друге стране, да је Хинман тражио и добио правни савет од саветника СЕЦ-а. у састављању свог говора, сугерише да ДИК усваја своје парничне ставове како би остварио свој жељени циљ, и не из верне оданости закону”, гласила је њена изјава (наш нагласак).
Опширније: SEC vs Ripple: Two-year crypto beef could soon be settled
On Thursday, Judge Torres agreed with Judge Netburn on each point raised in her statements denying the SEC’s claims.
“The Court has reviewed the remainder of the thorough and well-reasoned Orders for clear error and finds none. Accordingly, the Court OVERRULES the SEC’s objections and directs the SEC to comply with the Orders,” Torres concluded.
The SEC first took Ripple Labs to court back in 2020. Top execs Brad Garlinghouse and Christian Larsen were accused of knowingly selling unregistered securities through Ripple (XRP) tokens.
- Рипл се супротставио, тврдећи да Хинманов говор поставља основу за претпоставку да криптовалуте нису хартије од вредности.
- СЕЦ је учинио све што је могао да спречи да нацрт докумената говора буде прихватљив на суду.
- The legal battle has captured the attention of the crypto community — its future ruling may set a precedent.
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Source: https://protos.com/sec-must-show-hinman-speech-drafts-to-ripple-judge-rules-again/