- The crypto industry is eagerly awaiting the release of emails and documents related to the Hinman speech in the XRP-SEC case.
- According to court orders, Ripple and the SEC submitted a joint letter requesting a one-week extension until June 13, 2023, to publicly disclose uncensored versions of the Hinman Speech documents.
- Lawyer Deaton stated that the uncensored versions of the summary judgment applications submitted by both parties will also be made public.
The XRP community’s wait is over; critical Hinman documents will be released on June 13. What will be in the documents?
Is Hinman a Turning Point in the XRP Case?
The crypto industry is eagerly awaiting the release of emails and documents related to the Hinman speech in the XRP-SEC case. The date has finally been set for the release of important documents in the case between the US Securities and Exchange Commission (SEC) and Ripple Labs.
According to court orders, Ripple and the SEC submitted a joint letter requesting a one-week extension until June 13, 2023, to publicly disclose uncensored versions of the Hinman Speech documents. However, along with the notes related to the speech, the uncensored versions of both parties’ summary judgment decisions will also be made public.
As a result, the crypto industry will gain clarity on why SEC Corporate Finance Director Bill Hinman concluded that Ethereum (ETH) is not a security.
XRP case lawyer John Deaton claims that June 13, 2023, will clarify how strong or weak the SEC’s claims are related to several specific sales stands. He emphasized that only the “offer” could violate Section 5 of the Securities Act. It is important to note that this seems to be the commission’s strongest argument in the case.
Ripple Wanted to Hide Sales Data
Deaton stated that the uncensored versions of the summary judgment applications submitted by both parties will also be made public. This will allow us to see some of the evidence presented by Ripple to list its income from XRP sales with Coinbase crypto exchange and others. This also included the targeted sales amount to investors through programmed sales.
Meanwhile, the court ruled that evidence related to Ripple’s XRP sales and payments to third parties to list it cannot be censored because it is related to the Howey analysis.
