Court Denies SEC Request to Withhold Disclosure of Internal Documents in Case Against Ripple

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A US court has denied the SEC’s motion to withhold disclosure of internal documents in the case against fintech company Ripple.

In its request, the regulator relied on the privilege of attorney-client privilege. This is the text of the speech of the former director of the corporate finance department of the regulator William Hinman from 2018. Then he stated that for various reasons, Bitcoin and Ethereum are not securities.

The SEC has argued Hinman’s speech reflected his personal views.

The regulator filed in February a petition with the court, according to which the ex-employee expressed the position of the corporate finance department. So the agency hoped to extend the DPP to the drafts of the speech.