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On May 19, James Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the Securities and Exchange Commission (SEC) vs. Ripple case for the past few years, shared an update regarding the potential unsealing of the Hinman documents for public access.<\/p>\n
According to a tweet, the SEC and Ripple Labs have filed a \u201cJoint Letter for one week extension, until June 13, 2023, to file public, [redacted] versions of cross-motions for summary judgment and accompanying exhibits, which includes the Hinman materials.\u201d\u00a0<\/p>\n
\n\u201cpublic, redacted.\u201d<\/p>\n
\u2014 James K. Filan (@FilanLaw) May 19, 2023<\/p><\/blockquote>\n
The Hinman documents\u00a0pertain to a speech given in 2018 by former director of the SEC\u2019s corporation finance division Bill Hinman. During the speech, Hinman expressed the view that Ether (ETH), should not be classified as a security. These documents encompass the SEC\u2019s internal conversations and deliberations surrounding this particular speech.<\/p>\n
Some members of the crypto community find the joint petition to be \u201cweird.\u201d A lawyer, Fred Rispoli, with the Twitter handle @freddyriz tweeted in response to Filan\u2019s announcement; \u201cThis is weird to me. The parties already had detailed discussions on these redactions the first time around. Could be nothing more than what\u2019s written but it\u2019s just…odd. This gives me the feeling that something has changed and there is a scramble going on behind the scenes.\u201d<\/p>\n
\nThis is weird to me. The parties already had detailed discussions on these redactions the first time around. Could be nothing more than what's written but it's just…odd. This gives me the feeling that something has changed and there is a scramble going on behind the scenes. https:\/\/t.co\/MM0kndLvm9<\/p>\n
\u2014 Fred Rispoli (@freddyriz) May 19, 2023<\/p><\/blockquote>\n