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Securities and Exchange Commission Files Motion to Seal Documents in Ripple Case

ByLouis Adams

Dec 26, 2022
Reading time: < 1 minute

The Securities and Exchange Commission (SEC) has filed a motion to seal certain documents as part of the Ripple case.

According to lawyer James Filan, this is text of the speech of the former director of the corporate finance department of the regulator William Hinman from 2018, when he stated that for various reasons, Bitcoin and Ethereum are not securities.

According to the regulator, its mission “outweighs the right of access to the public” to documents that are “not relevant” to the summary judgment decision.

The agency has also asked that any references to Hinman’s speech by the defendants be “redacted” and information about SEC expert witnesses and XRP holders who submitted declarations be sealed.