‘Hypocrisy’: Judge denies SEC motion to keep Hinman docs secret in Ripple case

2022.07.13 19:41

‘Hypocrisy’: Judge denies SEC motion to keep Hinman docs secret in Ripple case

The Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple, after a U.S. judge has denied its claims for attorney-client privilege regarding internal documents related to the “Hinman speech”.

In denying the motion on July 12, U.S. Magistrate Judge Sarah Netburn called out the SEC’s hypocrisy in arguing that the speech — in which a former official Bill Hinman suggested ETH was not a security — was a personal matter for Hinman while also claiming it should be protected because he received legal advice from the SEC to confirm the commission’s policies.

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