The Ripple vs SEC case is reaching a crucial juncture, causing heightened excitement within the cryptocurrency community as it could set a significant precedent for the entire US crypto industry. Central to this legal battle are the highly debated Hinman Documents.
These documents are related to a 2018 speech by former SEC director Bill Hinman, where he declared that Ether (ETH) was not a security. They encompass internal discussions and deliberations within the SEC regarding this statement. Their importance stems from the fact that the SEC claims Ripple's XRP is a security, creating a contentious issue between the parties involved.
Initially, the SEC attempted to keep the Hinman Documents sealed, but a recent court order has mandated their unsealing by June 6. This development raises the possibility that the documents might become accessible to the public.
Prominent defense lawyer and former federal prosecutor James K. Filan expects the Hinman Documents, particularly the speech transcripts, to be made publicly available by the specified date. In a recent Twitter thread on May 17, Filan provided insights into the potential unsealing of these crucial documents. He noted that a court order from September 12, 2022, granted the involved parties a 21-day window to submit redacted versions of the Summary Judgment documents for public access, in compliance with the sealing ruling. As per Filan, the 21-day period concludes on June 6, counting from the day of the recent ruling.