On May 19, James Filan, a defense attorney and former federal prosecutor, who has been closely monitoring the ongoing legal case between the Securities and Exchange Commission (SEC) and Ripple, shared an update regarding the potential disclosure of the Hinman documents for public accessibility.
Based on a communication filed jointly by the SEC and Ripple Labs, they have requested a one-week extension until June 13, 2023, to submit public versions, with certain redactions, of cross-motions for summary judgment and associated exhibits, which include the Hinman materials.
The Hinman documents refer to a speech delivered in 2018 by Bill Hinman, the former director of the SEC's corporation finance division. During the speech, Hinman expressed the opinion that Ether should not be classified as a security. These documents encompass internal discussions and deliberations within the SEC regarding the aforementioned speech.
Certain members of the cryptocurrency community perceive the joint request as peculiar. Fred Rispoli, an attorney known as @freddyriz on Twitter, responded to Filan's announcement, stating, "I find this peculiar. The parties had already engaged in detailed discussions regarding these redactions during the initial proceedings. It may be nothing more than what is explicitly stated, but it does strike me as unusual. This gives me the impression that something has changed, and there is now a behind-the-scenes rush to address it.
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