The SEC Has Officially Handed Over Hinman Docs to Ripple

by in Cryptocurrency News

Ripple SEC trial

The US Securities and Exchange Commission officially turned over Hinman's email messages and docs to Ripple. In December 2020, the regulator sued Ripple over the sale of XRP coins, saying the asset is considered as an unregulated security.

Related: SEC and Ripple Applied for a Summary Judgment in the Court

During the trial, Ripple asked for docs where William Hinman, former SEC executive, expressed his views on cryptos and securities. According to Ripple, the information plays a vital role in the case.

Now that Ripple has official access to it, the company's legal representative Stuart Alderoty tweeted that the battle having taken more than a year and a half, was worth fighting to win. Alderoty mentioned that the subject is internal messages from Hinman's 2018 speech.

Despite the SEC's objections, last month the Judge announced the decision that the financial watchdog should turn over the docs.

Ripple Chief Executive Officer Brad Garlinghouse tweeted although the SEC wants people to think its aim is disclosure, the truth will show their shameful behavior and shock people.