Ripple Secures Major Win Against SEC as Hinman Docs to be Made Public Soon.
Ripple CEO Garlinghouse disclosed that the firm’s lawyers are working on releasing the documents after Judge Torres ruled that they should be made public.
Brad Garlinghouse, the CEO of Ripple, recently disclosed that the company’s lawyers are now working through the mechanics to bring emails relating to William Hinman to the public. The disclosure comes on the back of a recent landmark ruling from Judge Analisa Torres.
“Another win for transparency,” Garlinghouse remarked in response to Judge Torres’ decision. The district judge recently denied the US SEC’s motion to seal the Hinman documents. After the court order, Brad confirms Ripple lawyers are straight to work to make Hinman’s emails public.
“…the lawyers work through the mechanics to make that happen.”
Another win for transparency! Unredacted Hinman emails to be publicly available soon – stay tuned as the lawyers work through the mechanics to make that happen. https://t.co/o6puPypRHd https://t.co/qmaLVeQaP8
— Brad Garlinghouse (@bgarlinghouse) May 16, 2023
However, per the recent ruling, Judge Torres said that regardless of whether these documents are eventually used as evidence or not, they are considered judicial documents and should generally be available to the public. She further emphasized that the documents could potentially influence the court’s decision-making process.
Hinman Docs are “judicial documents subject to strong presumption of public access”, writes Judge Torres.
— CryptoLaw (@CryptoLawUS) May 16, 2023
The SEC had argued in its motion that sealing the documents would be necessary to preserve “openness and candor.” Judge Torres disagreed, stating that the SEC’s argument about protecting openness and candor within the agency was not valid because the documents did not relate to internal agency positions, decisions, or policies.
Following the latest ruling, the documents, which have been regarded as extremely important to Ripple in the lawsuit, will now be made public. Garlinghouse’s latest remarks suggest that the lawyers are now working towards making it accessible to the public.
The SEC had vehemently fought to keep the documents from reaching the public. Still, this passionate desire to keep it private has elicited speculations that the documents might be extremely important. As previously reported by The Crypto Basic, Garlinghouse disclosed that the public would be stunned by the SEC’s behavior when the docs finally get to the light.
“The SEC wants you to think that it cares about disclosure, transparency, and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you,” Garlinghouse further remarked in a tweet last October.
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