Judge again denies the seal of Hinman's speech

Judge again denies the seal of Hinman's speech

In the recent development in a court proceedings that has been going on for years, judge Analisa Torres refused to seal documents in connection with a speech by Bill Hinman, the director of the agency's company financial department.

First attempts were blocked last year

The speech in question, which shows why Hinman Bitcoin and Ether do not consider it as securities, was previously tried to seal them. In 2022, Sarah Netburn - the then judge of the case - declined three times. According to judge Netburn, the reasons for these applications were contradictory and not in the best interest of the law.

"The SEC initiates its legal dispute to promote its aimed goal, and not from loyal loyalty to the law."

The SEC initially tried to prevent the use of Hinman's speech by explaining that it was reflected in Personal opinion and not that of the securities supervisory authority.

After this approach led to the rejection of the application, the SEC claimed that the speech was actually related to its internal duties and should therefore be protected from the public. However, this application was also rejected.

documents should be public, says Richter

After their earlier failed attempts to protect the documents, the SEC filed another application in the same direction that Judge Torres rejected yesterday.

According to Torres, the documents should be accessible to court documents solely according to the Common LAW principle of public access, regardless of whether they are permitted in court or not.

"Documents are considered" judicial documents "if" they are relevant for the exercise of the judicial function and are useful in the legal proceedings. " […] The relevance of a certain document does not depend on how the court ultimately decides or whether the document ultimately actually has an impact on the court's decision. Rather, it is important whether a document would "reasonably have a tendency to influence the decision of a district court through an application".

The news was celebrated Ripple CEO Brad Garlinghouse - who praised the judge for her commitment to transparency - and explained that the documents will soon be published rippled lawyers.

Another profit for transparency! Unedreeded Hinman emails will soon be open to the public-stay up to date, while the lawyers work through the mechanisms to enable this. https://t.co/o6pupupyprhd https://t.co/qmalveqap8

- Brad Garlinghouse (@bgarlinghouse) 16. May 2023

Although Ripple after the case has taken another hurdle, it is important to note that this case has not been completed and has been going on for years.

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