The Crypto Roundup: 17 May 2023 | CryptoCompare.com

Federal Judge Analisa Torres ruled that the U.S. Securities and Exchange Commission (SEC) cannot keep documents related to a former official’s 2018 speech on crypto and securities confidential in its ongoing lawsuit against Ripple, the company associated with the XRP cryptocurrency.

The ruling pertains to documents linked to a speech by William Hinman, the former Director of Corporation Finance for the SEC. In that speech, Hinman expressed his personal opinion that Ether (ETH) was not a security.

In January 2022, Magistrate Judge Sarah Netburn of the same court first decreed that these documents needed to be handed over to Ripple for discovery.

Judge Torres, from the U.S. District Court for the Southern District of New York, upheld this decision, ruling that these “Hinman Speech Documents” cannot be sealed in court.

While the SEC will be allowed to redact the personal details of individuals referenced in the documents, Judge Torres maintained that these documents are pertinent to the legal process and should be accessible to the public.

Ripple had also sought to redact various documents, including contracts, financial information, and other data. Judge Torres permitted many of these redactions, but noted that some of the proposed redactions, including several tied to XRP, are “overbroad.”.

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• Source: https://www.cryptocompare.com/email-updates/daily/2023/may/17/