SEC seeks to keep Hinman documents hidden in Ripple case

SEC’s request to seal documents in the Ripple Labs case has sparked criticism from the community.

The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the court’s summary judgment decision.

The Motion to Seal Summary Judgment Document was filed by the SEC on Dec. 22, requesting the sealing of various information and documents, most notably the Hinman Speech documents.

The Hinman Speech documents refer to the speech given by former SEC Corporation Finance Division Director William Hinman at the Yahoo Finance All Markets Summit in June 2018, where he reportedly stated that Ether, the native token of the Ethereum blockchain, is not a security.

Ripple believes it is a vital piece of evidence to help them with its case against the U.S. regulator.

In its latest motion, the SEC said its mission outweighs the “public’s right” to access documents that have “no relevance” to the Court’s summary judgment decision.

It also requested that any references to the Hinman Speech Documents be “redacted” from the papers of the defendants.

Full Article: https://cointelegraph.com/news/sec-seeks-to-keep-hinman-documents-hidden-in-ripple-case

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