Judge Now Rejects SEC’s Request To Keep The Hinman Docs Confidential, Giving Ripple The Upper Hand
Judge Rejects SEC’s Request To Keep The Hinman Docs Confidential, Giving Ripple The Upper Hand
In Ripple case, Magistrate Judge Sarah Netburn dismissed the US Securities and Exchange Commission’s claims of attorney-client privilege. She said, “The documents must be produced”.
The SEC sought to rely on the attorney-client privilege to safeguard records and documents pertaining to the controversial Ethereum speech made by former senior employee William Hinman.
When the plaintiff first tried to use the deliberative process privilege, the government blocked their claim in January. The court found that obtaining information from outside sources did not meet the criteria for protected conduct.
Late in April, the SEC tried once more to conceal Hinman’s emails by claiming the attorney-client privilege. The lawsuit claimed that the questioned documents contained “confidential information,” and he added that Hinman needed to be acknowledged as a client of SEC lawyers who gave him legal advice.
The SEC also made clear that he wouldn’t be permitted to prepare the speech as a private person. The defendants, though, asserted that Hinman wasn’t a client of the agency’s lawyers.
The court has charged the securities watchdog with “hypocrisy” for claiming that the statement has no bearing on cryptocurrency regulation while also claiming that Hinman seeks legal help from the SEC. The agency established its legal stances, according to Netburn, “to further its desired goal.”
“The evidence establishes that the predominant purpose of the communications was not to provide legal advice,” the court said.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Ripple ripple
Author
News
Judge Now Rejects SEC’s Request To Keep The Hinman Docs Confidential, Giving Ripple The Upper Hand
Judge Rejects SEC’s Request To Keep The Hinman Docs Confidential, Giving Ripple The Upper Hand
In Ripple case, Magistrate Judge Sarah Netburn dismissed the US Securities and Exchange Commission’s claims of attorney-client privilege. She said, “The documents must be produced”.
The SEC sought to rely on the attorney-client privilege to safeguard records and documents pertaining to the controversial Ethereum speech made by former senior employee William Hinman.
When the plaintiff first tried to use the deliberative process privilege, the government blocked their claim in January. The court found that obtaining information from outside sources did not meet the criteria for protected conduct.
Late in April, the SEC tried once more to conceal Hinman’s emails by claiming the attorney-client privilege. The lawsuit claimed that the questioned documents contained “confidential information,” and he added that Hinman needed to be acknowledged as a client of SEC lawyers who gave him legal advice.
The SEC also made clear that he wouldn’t be permitted to prepare the speech as a private person. The defendants, though, asserted that Hinman wasn’t a client of the agency’s lawyers.
The court has charged the securities watchdog with “hypocrisy” for claiming that the statement has no bearing on cryptocurrency regulation while also claiming that Hinman seeks legal help from the SEC. The agency established its legal stances, according to Netburn, “to further its desired goal.”
“The evidence establishes that the predominant purpose of the communications was not to provide legal advice,” the court said.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Ripple ripple
Other Posts
Related Posts
Latest
Playnance Launches PlayBlock: The Future of Zero-Gas Blockchain for Trading, Gaming, and Web3 Adoption
The $100 Bet: Qubetics at $0.0212 Could Hit $70K, Amid Binance’s Market Impact and Cardano’s Resilience!
Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold
Press Release
Playnance Launches PlayBlock: The Future of Zero-Gas Blockchain for Trading, Gaming, and Web3 Adoption
The $100 Bet: Qubetics at $0.0212 Could Hit $70K, Amid Binance’s Market Impact and Cardano’s Resilience!
