'Well worth the fight' — Ripple counsel confirms Hinman docs are in their hands
San Francisco-based fintech firm Ripple has inched closer to victory in its ongoing battle with the U.S. Securities and Exchange Commission (SEC).
On Oct. 21, Ripple General Counsel Stuart Alderoty confirmed on Twitter that they finally have the elusive documents after "18 months and 6 court orders," though noted they remain confidential at the SEC’s insistence.
“It was well worth the fight to get them,” he exclaimed, adding:
The fought-over documents relate to a 2018 speech by former SEC Division Director William Hinman regarding the status of Ethereum, with the financial regulator seemingly pulling out all the stops to keep the documents under wraps.
In late September, U.S. District Court Judge Analisa Torres overruled the SEC’s second attempt to withhold the documents.
At the time he stated that ETH was not a security and Ripple considers this a key argument in its case against the regulator which has accused it of conducting an unregistered securities sale of its native token XRP.
Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC’s insistence), I can say that it was well worth the fight to get them.
Partner at Hogan & Hogan Jeremy Hogan commented that these are the briefs “where we'll really see how strong each position is,” while posturing how the SEC will respond. He added that the briefs will be made public on Oct. 24.
Ripple CEO Brad Garlinghouse vented on Twitter claiming that the SEC's behavior was shameful and shocking.
Related:Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
XRP prices don’t appear to have reacted to the latest development. Over the past
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