- The SEC earlier submitted a motion to seal Hinman’s emails and exclude them from the case.
- Judge Torres of the District Court of the Southern District of New York denied the motion.
According to Bill Morgan, a lawyer, and digital assets enthusiast, the public will know how many of William Hinman’s emails Ripple cited and included in its opposition and reply briefs on June 13. That is the date when the court expects Ripple to file the remaining allowed redactions in its case against the Securities and Exchange Commission (SEC).
Morgan does not see the possibility of the public viewing all of Hinman’s emails relating to the case unless the parties include them in the summary judgment brief, opposition brief, or reply brief. William Hinman is a former SEC Director of the Division of Corporate Finance.
The SEC earlier submitted a motion to seal Hinman’s emails and exclude them from the case. Judge Analisa Torres of the District Court of the Southern District of New York denied the motion.
Ripple considers the motion denial another step toward victory in the ongoing case. The company’s CEO, Brad Garlinghouse, described the court’s decision as another win for transparency and said the lawyers would work through the mechanics and make the emails available to the public.
The founder of Crypto Laws.us and Managing Partner of the Deaton Law Firm, John E. Deaton, believes Hinman’s emails contain details that contradict the SEC’s argument in the case against Ripple. According to Deaton, the emails will further highlight Hinman’s conflict of interest.
Interested parties suspect that Hinman’s emails, when reviewed, would shed more light on the SEC’s internal discussions and viewpoints on the matter. It could provide information that would work against the SEC’s argument in its case against Ripple.
Judge Torres also denied Ripple’s motion to seal for specific references, linking Ripple’s revenues with XRP sales. She denied third-party motions to redact identities and the names of public crypto trading platforms.