Komisija za hartije od vrijednosti (SEC) je bila negiran a motion to conceal former director William Hinman’s speech drafts, in which he said ether wasn’t a security.
District Judge Sarah Netburn ordered the emails and drafts of Hinman’s speech weren’t protected by deliberative process privilege (DPP) in August 2021, because they reflect the director’s personal opinions of securities law rather than the SEC’s. The SEC motioned for reconsideration; it was denied.
The SEC then argued the documents should be protected under attorney-client privilege in July. Netburn denied; the SEC appealed; District Court Judge Analisa Torres denied the motion on Thursday.
In her statement explaining the denial, Judge Netburn said the SEC was acting immoral in its bid to keep the speech drafts out of court by grasping at straws with legalese. Despite the commission’s best attempts, the Hinman speech drafts must be produced.
“Licemjerje tvrdi sudu, s jedne strane, da govor nije relevantan za razumijevanje tržišta o tome kako ili hoće li SEC regulirati kriptovalute, a s druge strane, da je Hinman tražio i dobio pravni savjet od savjetnika SEC-a. u sastavljanju svog govora, sugeriše da DIK usvaja svoje parnične stavove kako bi ostvario svoj željeni cilj, i ne iz vjerne odanosti zakonu”, glasila je njena izjava (naš naglasak).
Čitaj više: SEC protiv Ripplea: Dvogodišnja kripto govedina bi uskoro mogla biti riješena
On Thursday, Judge Torres agreed with Judge Netburn on each point raised in her statements denying the SEC’s claims.
“The Court has reviewed the remainder of the thorough and well-reasoned Orders for clear error and finds none. Accordingly, the Court OVERRULES the SEC’s objections and directs the SEC to comply with the Orders,” Torres concluded.
The SEC first took Ripple Labs to court back in 2020. Top execs Brad Garlinghouse and Christian Larsen were accused of knowingly selling unregistered securities through Ripple (XRP) tokens.
- Ripple se usprotivio, tvrdeći da je Hinmanov govor postavio osnovu za pretpostavku da kriptovalute nisu vrijednosne papire.
- The SEC je uradio sve što je mogao kako bi se spriječilo da nacrt dokumenata govora bude prihvatljiv na sudu.
- The legal battle has captured the attention of the crypto community — its future ruling may set a precedent.
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Source: https://protos.com/sec-must-show-hinman-speech-drafts-to-ripple-judge-rules-again/