• The parties in the ongoing legal battle between the SEC and Ripple have requested an extension to file public, unredacted versions of their cross-motions for summary judgment and accompanying exhibits.
• This includes the highly anticipated Hinman materials, which may have implications for the case.
• Judge Analisa Torres has ruled against the SEC in their attempt to seal documents associated with former official William Hinman’s 2018 speech on cryptocurrency and securities to Ripple.
SEC and Ripple Seek Extension
The Securities and Exchange Commission (SEC) and Ripple are both seeking an extension until June 13, 2023, to file public, unredacted versions of their cross-motions for summary judgment and accompanying exhibits. This includes the highly anticipated Hinman materials, adding to the intrigue surrounding this case as both sides prepare their arguments for a decisive legal showdown.
Judge’s Ruling
District judge Analisa Torres recently ruled against the U.S. Securities and Exchange Commission (SEC) in their attempt to seal documents associated with former official William Hinman’s 2018 speech on cryptocurrency and securities to Ripple. The judge stated that these documents cannot be sealed as they are deemed relevant to the ongoing legal proceedings; however, she allowed for personal information within them to be redacted.
Joint Request
In response, both parties in this dispute submitted a joint letter requesting additional time from judge Torres so that they can present their arguments and evidence in an unredacted manner before the specified deadline of June 13th. This is the first request made by either party regarding an extension since this action was taken against them by judge Torres.
Twitter Community Reactions
The announcement opened up comments from members of Twitter community who suggested that settlement talks may be underway.
Conclusion
It remains unclear what will happen next as both parties prepare for a decisive legal showdown over XRP but it is certain that this case will continue to draw attention from those within or interested in crypto law.