The Securities and Exchange Commission (SEC) has been негираше 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.
„Лицемерието се расправа пред судот, од една страна, дека говорот не е релевантен за разбирањето на пазарот за тоа како или дали ДИК ќе ја регулира криптовалутата, а од друга страна, дека Хинман побарал и добил правен совет од советникот на ДИК. во изготвувањето на својот говор, сугерира дека ДИК ги усвојува своите парнични ставови за да ја постигне својата посакувана цел, и не од верна верност кон законот“, гласеше нејзината изјава (наш акцент).
Прочитајте повеќе за: SEC vs Ripple: Двегодишното крипто говедско месо наскоро би можело да се реши
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 возврати, тврдејќи дека говорот на Хинман ја поставува основата за претпоставка дека криптовалутите не се хартии од вредност.
- на ДИК направи се што можеше за да се спречи нацрт-документите на говорот да бидат прифатливи пред суд.
- 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/