- The Ripple team views this action as a victory for their side.
- Alderoty pointed out that the records remain hidden from the general public.
Stuart Alderoty, general counsel at Ripple, just disclosed that the U.S. In response to a court order, the Securities and Exchange Commission (SEC) has at last provided the long-requested Hinman documents. Alderoty announced the news on Twitter, hailing it as a victory for Ripple as the documents support the blockchain company’s legal defenses.
Alderoty claimed that the U.S. The so-called Hinman documents have now been released by the Securities and Exchange Commission. He went on to say that the documents, which are internal SEC emails and draughts of the regulator’s former director of corporate finance’s infamous 2018 speech, are still kept from the public.
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.
— Stuart Alderoty (@s_alderoty) October 20, 2022
Alderoty added :
I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics, and I feel even worse about them now.
Ripple Stands by Its Position
In response to a court order issued late last month by the U.S., the SEC submitted the documents. Analisa Torres, a district court judge. The securities regulator had disregarded six prior orders to submit the documents before the most recent decision.
In the meantime, Ripple is standing by its stance that the SEC lacks the legal justification to establish that XRP, the native token of the XRP Ledger blockchain, is secure. The company claimed that the SEC is still using tactics that amount to overreach in a newly unsealed memorandum of law it filed to object to the SEC’s motion for summary judgment.
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