As the dispute over the Hinman Docs proceeds, Ripple and the SEC submit comments.

The legal conflict involving the U.S. Securities and Exchange Commission (SEC) and Ripple observed increased activity. Brad Garlinghouse, the CEO of Ripple Labs Inc., and Chris Larsen, the executive chairman, submitted an opposing response to the SEC's request to seal specific records pertaining to the companies' joint applications for preliminary injunction.

Additionally, the SEC has submitted a reply to the partial objection to Ripple's request to seal particular records relating to the summary decision.

Battle Over Hinman Docs Continues Between Ripple And SEC

Both sides are battling over sealing of the Hinman documents in their briefs, along with some other minor issues. Bill Hinman, an attorney for the XRP community, indicated that Ripple opposed the seal of the Hinman documents on the grounds that they are important for reasons unrelated to the trial.

The corporation claims that because the lawsuit has moved on to the summary judgment phase, the presumption of public access to court records is at its greatest right now.

Second, Ripple contends that the Hinman papers are court records and shouldn't be kept secret in the absence of good cause:

“The SEC has nonetheless persisted in seeking to shield from public view the names and identifying information of witnesses whose testimony the SEC intends to rely upon to prove its case, without identifying any compelling interest suggesting that secrecy is necessary.”

Morgan's analysis indicates that the U.S. The Securities and Exchange Commission is once more attempting to contest the luxury of the deliberative process (DPP). This suggests that even though they lost the motion, the SEC is still adamant that the records of former director Hinman are unimportant to the dispute.

The Gannett Media Corp. case from last month, which backs up the claim against sealing on this issue, is used by Ripple to refute this. In this instance, the Second Circuit denied the contention that a petition to seal by the Justice Department is necessary to maintain “the robust and frank functioning of the Department of Justice's internal processes” or address “generalized privacy concerns.”

The SEC is also accused by Ripple of hiding information from the general public about papers that the court has indeed mandated disclosure. When Judge Torres decided that the SEC had to turn over the documents in late September, as Bitcoinist reported, Ripple gained a significant partial victory.

Ever since, the XRP community has already been wondering what may be in the papers or whether Hinman may have mentioned XRP in his papers, even if just as a side note, in addition to Ethereum.

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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