The United States Securities and Exchange Commission (SEC) is unwilling to produce documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities, according to a tweet from James Filan, a lawyer representing Ripple.
SEC files motion to protect Hinman’s speech
In a 2018 speech, William Hinman said that he doesn’t think that Ether sales would constitute the sale of a security.
Ripple had filed for the document containing this speech as part of its defense, but the SEC is banking on the “attorney-client privilege” to prevent the crypto company from getting it.
#XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed a letter motion asserting the attorney-client privilege in connection with the Hinman speech. pic.twitter.com/nTxlOEFLzF
— James K. Filan 90k+ (beware of imposters) (@FilanLaw) April 30, 2022
According to SEC’s motion
“The privilege applies because these documents, in whole or in part, reflect communicatio
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