Ripple Scores Win in Lawsuit as Judge Rules SEC Must Surrender Hinman Email on Ether

Ripple scores a victory on judge ruling ordering SEC to release Hinman's Ether email

A judge ruling has asked the Securities and Exchange Commission (SEC) to hand over an email containing a draft of former director William Hinman's statement on whether Ethereum was deemed a security.

According to Former Federal prosecutor James K. Filan, the SEC believes discrete portions of the notes it was asked to turn over reflect the notetaker's thinking or reflect deliberations among SEC staff and therefore gave limited access.

However, the SEC is expected to turn over the email with Hinman's speech and some notes from meetings between SEC staffers and third parties that are not Ripple.

According to XRP proponents, this is another major win for Ripple despite the limitations.

So far, so good?

U.Today earlier reported on U.S. Magistrate Judge Sarah Netburn granting a motion to push the discovery deadline in the Ripple-SEC case to Feb. 28, previously scheduled to end on Jan. 19. The parties requested the extension jointly to conduct more depositions. Due to travel restrictions and personal problems, eight expert witnesses have yet to testify.

The SEC had filed a letter of supplementary authority the week before, citing a recent judgment in another case to support its motion to strike Ripple's fair notice defense. The defendants rebutted the agency's claims, claiming it was misapplying the verdict from the earlier case.

As also reported by U.Today, Stuart Alderoty, the general counsel at Ripple, recently urged the SEC to speed up the litigation process, reiterating that the SEC has created an uneven playing field for the cryptocurrency industry.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。