Ripple gana en la corte después de que el juez niega la moción de la SEC para sellar documentos

• La jueza federal de distrito, Analisa Torres, dejó en claro que los documentos del discurso de Hinman se harán públicos en el caso Ripple vs. SEC.
• Ripple y el CEO Brad Garlinghouse consideran que los documentos de discurso de Hinman son una parte vital de los procedimientos judiciales. 
• The motion from the SEC to seal the documents as it believes that they have “no relevance” in the case has been dismissed.
• Garlinghouse calificó este evento como una victoria para la transparencia y afirmó que los documentos pronto se harán públicos.

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The battle between Ripple and the United States Securities and Exchange Commission (SEC) has been going on for a number of years, and one of the earlier blockchain projects has full faith that it is going to win the case, according to the firm’s executives. Interestingly, a win was handed over to the company in court after United States District Judge Analisa Torres made it clear on May 16 that the documents that the SEC wants sealed will be made public, but with some conditions. 

The documents related to the former Securities and Exchange Commission corporation finance division director, William Hinman, have been allowed to be made public after Judge Torres declined the SEC’s motion, a move that is seen as a win for Ripple and the crypto industry. In a July 2018 speech, the former director fijado that Ether (ETH), the world’s second-largest crypto coin and the native token of the Ethereum blockchain, is not a security. 

In December 2022, the United States regulator filed a motion to seal the internal emails, text messages, and expert reports that followed the speech from Hinman, a move that was seen as an attempt to hide the truth by the crypto community. The agency noted that its mission outweighs the “public’s right” to have access to documents that have “no relevance” to the court’s judgment. 

Juez Torres no está de acuerdo with the SEC and stated that the Hinman documents might prove to be substantial in the case with Ripple while adding that they are “judicial documents” and subject to a strong presumption of public access. She further stated that the documents “would reasonably have the tendency to influence [the Court’s] ruling on a motion.” 

The CEO of Ripple, Brad Garlinghouse, expressed his appreciation of the judgment given by Judge Torres, calling it a win for “transparency,” while adding that unredacted Hinman emails will be publicly available soon.

Another win for transparency! Unredacted Hinman emails to be publicly available soon – stay tuned as the lawyers work through the mechanics to make that happen. https://t.co/o6puPypRHd https://t.co/qmaLVeQaP8

—Brad Garlinghouse (@bgarlinghouse) 16 de mayo de 2023

The court document reads that “the vast majority of the SEC’s expert reports and investor declarants’ statements—including all material relevant to the Court’s decision on the motions for summary judgment—will be part of the public record,” while noting:

“The Hinman Speech Documents are not protected by the deliberative process privilege because they do not relate to an agency position, decision, or policy.”

El tribunal dictaminó que los documentos del discurso de Hinman se harían públicos, pero accedió a las otras demandas de la SEC, incluida la redacción de los nombres y la información de identidad de los expertos de la SEC y los declarantes de inversores de XRP y la eliminación de la información personal y financiera de los demandados. es decir, ondulación.

On the other hand, the judge also denied certain motions asking for the sealing of certain documents from Ripple, including references linking the company’s revenues with sales of the XRP token and the amount of compensation offered to trading platforms, etc. The blockchain payments company considers the Hinman Speech Documents a crucial part of its battle with the SEC, which claims that the XRP token is a security and that the company violated US securities laws.

Como informó anteriormente Bitnation, Ripple ha reunió el apoyo de la comunidad criptográfica, y oficialmente, 12 desarrolladores, empresas, inversores e intercambios se han presentado según Garlinghouse. 

Several of these individuals and groups have filed amicus briefs, which are legal documents filed in an appeal case to provide a court with extra relevant details. Brad claimed that the briefs, in their own ways, explained “the irreparable harm the SEC will do to every facet of the US crypto economy if it gets its way.”

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