XRP Lawsuit: New Deadline for Unsealing of Hinman Documents Approved by the Court: Details

Judge Analisa Torres, the judge in charge of the XRP lawsuit, has approved the one-week extension to unseal Hinman’s documents, as requested by both Ripple and the United States Securities and Exchange Commission (SEC).

This new development was announced on Twitter by James K. Filan, a defense lawyer and former federal prosecutor. According to the report, the deadline has been extended by a week.

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James K. Filan tweeted, “SECGov v. #Ripple Parties file Joint Letter for one-week extension, until June 13, 2023, to file public, unredacted versions of cross-motions for summary judgment and accompanying exhibits, which includes the Hinman materials.”

 

Initially, June 6th, 2023 was the set date for the public release of Hinman’s document, including the draft of William Hinman’s 2018 speech and other edited and summarized judgment materials. Following the judge’s consent to grant an extra week extension, the deadline for the materials will now be on June 13th as stated in the announcement.

A Brief Insight Into The Hinman’s Docs

The Hinman documents are associated with a 2018 speech from the former SEC executive Bill Hinman, who ascertained Ethereum and Bitcoin as non-security assets. The documents referred to as Hinman documents today involve contemplation and internal debates revolving around the 2018 speech.

It is pertinent to note that Hinman’s docs remain the central focus of the long-standing legal battle between Ripple, the US-based cross-border payment firm, and the SEC. The securities regulator appeared resolute to conceal the documents, but after six court procedures, the SEC finally bowed to pressure and released the documents for Ripple.

Read Also: Ripple CEO Brad Garlinghouse Sends Message to XRP Holders. Here’s What He Wrote

Intriguingly, the SEC decided to pull a stunt when it filed a motion to seal the contents of Hinman’s docs. However, Judge Analisa Torres recently denied the motion and ordered the unsealing of the documents.

Meanwhile, attorney Jeremy Hogan disclosed via a tweet, on May 17 that the SEC has approximately ten days to appeal the judge’s ruling regarding unsealing Hinman’s documents.

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