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Judge allows Ripple to depose SEC official who decided ETH is not a security Bill Hinman could be called to testify on his 2018 comments regarding Ethereum’s security status. 41576 Total views News
San-Francisco-based fintech firm Ripple has notched up another small victory in its ongoing battle with the United States Securities and Exchange Commission.
U.S. District Court Judge Sarah Netburn has denied the SEC’s motion to suppress the deposition of the former director of the SEC’s Division of Corporation Finance, William Hinman, in a ruling in New York on Thursday.
In June 2018, Hinman said in a speech that based on his understanding of the Ethereum network and its decentralized structure, the “current offers and sales of Ether are not securities transactions.”
7/16/2021 3:21:35 AM GMT
Judge Sarah Netburn has given Ripple the green light for the deposition of former SEC official Willian Hinman.
The agency previously tried to quash the deposition, stating that the blockchain firm failed to justify the move.
Hinman’s speech on Ethereum in 2018 has taken the spotlight in the $1.3 billion lawsuit.
Ripple has scored another victory in its battle with the United States Securities & Exchange Commission (SEC) over the latter s $1.3 billion lawsuit.
SEC motion to quash Hinman deposition denied
A recent ruling by the US District Court Judge Sarah Netburn denied the SEC’s motion to quash a deposition of a former agency official.
Judge Denies SEC Motion to Suppress Deposition in Ripple Case
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