SEC Files to Protect Crucial Documents Related to Ripple Case
The Securities and Exchange Commission (SEC) has filed to have documents shielded that show its former finance director acknowledged that bitcoin and Ethereum are not securities.William Hinman said in a speech in June 2018 that according to his understanding, “current offers and sales of Ether are not securities transactions.”
The new motion includes the re-assertion of the SEC’s case that Hinman’s statements fall under attorney-client privilege since they were made as part of an exchange between Hinman and SEC lawyers. Judge Sarah Netburn denied an appeal last month made by the SEC to overturn a ruling made on the speech in Jan this year.Last July, Ripple sought to quiz Hinman on his thinking regarding Ethereum at the time to build a similar argument for XRP.
Source
https://t.me/Cronos_Cardano_Ripple
