- Ripple’s Stuart Alderoty has finally secured the much-awaited Hinman Documents.
- The Hinman documents can play a crucial role in changing the course of the Ripple vs. SEC case.
The Ripple vs SEC saga seems to be gaining momentum again, as Ripple’s general counsel, Stuart Alderoty, has finally got his hands on the highly anticipated Hinman documents.
“The Shamefulness Of The SEC Will Shock You,” Says Ripple’s CEO Brad Garlinghouse.
After significant efforts, delays, and tribulations, Ripple has finally secured the Hinman documents, which are capable of changing the course of the legal battle in a new direction.
Ripple’s general counsel, Stuart Alderoty, took to Twitter to inform crypto enthusiasts how he had successfully gained access to Hinman documents after “18 months and 6 court cases.” Alderoty further said that the content of the docs is still confidential; however, he is convinced that it was “well worth the fight to get them.”
Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC’s insistence), I can say that it was well worth the fight to get them.
The Hinman documents are centred around former SEC director William Hinman’s speech that he delivered in 2018. The documents include the contents of his speech and how he declared that Ethereum, like Bitcoin, was “sufficiently decentralized” and should not be subjected to a federal security investigation.
The Hinman documents secured by Alderoty could play an elemental role in solving the two-year-long legal battle between the SEC and Ripple by delivering an apt conclusion to the most heated legal debate ever recorded in crypto history.
Alderoty seemed positive after gaining access to the Hinman documents, per his latest tweet. He further noted how he has always felt good about his arguments in court, but he feels even better now. Alderoty further shared how he had always felt bad about “SEC’s tactics,” and he feels even worse for them now.
“I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics, and I feel even worse about them now. ” Alderoty tweeted
I’ve always felt good about our legal arguments, and I feel even better now.
I always felt bad about the SEC’s tactics, and I feel even worse about them now.
Ripple’s CEO Brad Garlinghouse also shared his views on the matter,stating that one should not believe that the SEC cares about disclosure, clarity, and transparency.
“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 behaviour here will shock you. ” Garlinghouse tweeted
The Ripple vs SEC case was earlier filed in 2020 and has been dubbed as one of the most controversial cases in crypto history. The legal battle gained further momentum the moment the SEC alleged that Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen had engaged in an illegal securities trade offering in which they sold XRP to people for hundreds of millions of dollars. On the other hand, Ripple has denied XRP being a security and has also refuted arguments claiming that it has sold XRP as a security to people.
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