U.S. District Court Judge Annalize Torres subsequently ruled in favor of Ripple Labs ordered The SEC releases documents related to a speech given by former SEC employee William Hinman.
At the 2018 Summit, William Hinman argued that the sale of Ethereum and related cryptocurrencies was not a security.
Ripple Labs has requested access to Hinman’s speech to counter the SEC’s claim that XRP should be treated as a security.
The SEC believes that Hilman’s documents It was protected by Deliberative Process Privilege (DPP).
However, Judge Sarah Netburn ruled on January 13, 2022, that the DPP did not protect Hillman’s speech. Because it represents his personal opinion, not the SEC’s decision.
The SEC failed to surrender the documents and instead filed a motion alleging that attorney-client privilege protected the documents.
In the latest court ruling of September 29, Judge Torres reiterated that the attorney-client privilege does not apply because the document was not intended to “give or seek legal advice.” rice field.
After due consideration by the court, the SEC was ordered to turn over the Hinman documents to Ripple Labs.
Accordingly, the court dismisses the SEC’s objection and directs the SEC to comply with the order.
Ripple’s native XRP token has increased by more than 10% since the court’s ruling was announced.
