The U.S. Securities and Exchange Commission (SEC) filed its Reply in order to support its objections to the Court orders related to the Hinman Speech. However, the commission asserted that the defendants misrepresented their prior filings.
SEC claims that Hinman’s speech has no relevance
As per the filing, the SEC still claims that Hinman’s speech draft holds no relevance to the assertions of the defendants. It mentions that they are non-public documents that the opposition has never seen.
However, it added that even if the speech drafts stand relevant then DPP and attorney-client privilege shields them. Thus the documents should not be produced. Coingape reported that the Ripple and defendants are pushing the SEC to disclose the infamous speech documents.
The SEC highlighted that the Defendants incorrectly argued that the commission concedes that Judge Netburn got the law right.
The filing highlights that just because the speech reflected Hinman’s personal views, the draft cannot come under privilege. This is premised on legal and factual errors. SEC suggests that this is based on two false dichotomies pursued by the defendants.
