Ripple Scores Victory Over Judge’s Ruling Ordering SEC to Release Hinman’s Ether Email
A judge’s ruling has asked the Securities and Exchange Commission (SEC) to deliver an email containing a draft of former director William Hinman’s statement on whether Ethereum qualifies as a security.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: DPP Decision: Ripple’s motion is GRANTED in part for parts A, CF, HK, N and P of entry 1 of Schedule A, and GRANTED in full for entry 9 of Schedule A. parts of the notes in
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) January 13, 2022
According to former federal prosecutor James K. Filan, the SEC believes that discrete portions of the notes it was asked to turn over reflected the thinking of the note taker or reflected the deliberations of SEC staff and therefore gave access limit.
However, the SEC is expected to hand over the email with Hinman’s speech and some notes of meetings between SEC staffers and non-Ripple third parties.
According to XRP supporters, this is another major win for Ripple despite the limitations.
So far, so good?
U.Today earlier reported that U.S. Magistrate Judge Sarah Netburn had granted a motion to extend the discovery deadline in the Ripple-SEC case to February 28, which was previously scheduled to end on January 19. The parties jointly requested the extension to make more depositions. Due to travel restrictions and personal issues, eight expert witnesses have yet to testify.
The SEC had filed an additional letter of authority the previous week citing a recent judgment in another case to support its motion to strike Ripple’s fair notice defense. The defendants refuted the agency’s claims, saying it misapplied the verdict of the previous case.
As also reported by U.Today, Ripple’s General Counsel Stuart Alderoty recently urged the SEC to expedite the litigation process, reiterating that the SEC has created a level playing field for the cryptocurrency industry. .