Ripple finally gets access to ex-SEC official Hinman's docs
Bill Hinman’s speech has been one of the most critical contentions around which the ongoing legal tussle between the SEC and Ripple has been resting. The former Director of the regulatory body’s Division of Corporation Finance made a speech in 2018 at the Yahoo Markets Summit. Back then, he declared Ethereum’s native token ETH not to be a security. Ripple clung to the speech, for it indirectly affirmed that XRP—like ETH—ain’t security, for it exists on an open, decentralized, permissionless blockchain ledger. Ripple had been seeking the documents relating to the speech for a reasonably long time, but the SEC—on its part—had repeatedly opposed producing them citing reasons like the breach of attorney-client privilege. In mid-July, the judge quashed the agency’s claims and ruled that “the documents must be produced.“ Nevertheless, the SEC opposed the judge’s ruling and had “respectfully” requested...