Defense attorney and former federal prosecutor James K. Filan expects Hinman’s incriminating documents to be made public beginning June 6, citing legal past court. Hinman’s book is related to a 2018 speech by the former head of the Securities and Exchange Commission, Bill Hinman, who actually talked about Ether ETH ($1,827) is not safe.
These documents include internal discussions and discussions of the SEC around this issue. In a May 17 twitter thread, Filan, who has been actively following the SEC case against Ripple for the past two years, gave an update on when the documents could be made public.
“According to the Court’s order of 9/12/2022, the parties have 21 days to file a summary judgment approved by the public. June 6 is 21 days since yesterday’s decision,” he wrote.
Some, however, believe that the reported timeline may affect if the SEC files a complaint or if the case continues. Another lawyer who followed the case, Jeremy Hogan, a partner at Hogan & Hogan, said the SEC had about 10 days to appeal the specific order.
Other members of the XRP community, such as AshleyPROSPER1, believe that the prospect of unsealed documents can make it possible for anyone to find a compromise, because both can have access to information that they do not want to be public and the king put their hands. A tweet from Ripple CEO Brad Garlinghouse on May 16, however, indicates that Ripple is eager to access Hinman’s unpublished emails “soon for the public.”
Although Ripple Labs has had access to the documents for a long time, it considers this part of the case as an important evidence in its defense against the SEC and its claim that XRP falls under the regulation of securities.
The SEC filed a motion in late December to seal the documents from the public, arguing that the documents were “irrelevant” to the final outcome of the case and that the SEC’s role exceeded “the public’s right” to access the book. RIPLE building wins the week during the request and May 16.
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