Ripple CTO David Schwartz recently voiced his opinion as the crypto industry eagerly anticipates the public disclosure of former SEC employee William Hinman’s documents. In a speech delivered back in 2018, Hinman controversially stated that Ethereum should not be classified as a security.
Ripple’s Stance: Agreement to Keep Hinman Emails Public?
Schwartz’s tweet was in response to a statement made by Mr. Huber, who suggested that if Ripple agrees not to make the documents public, Coinbase could also request access to them.
Huber, however, expressed doubt that Coinbase would want to involve itself in anything related to Hinman, considering its previous involvement in the matter. According to Huber, Coinbase was already aware of Hinman’s actions back in March 2018.
The Ripple CTO clarified that, although he is not a legal expert, he believed that Ripple would be unable to agree not to release the documents.
He pointed out that the judge had ruled that the emails were judicial documents, and the public’s right to access them outweighed any other considerations.
In agreement with Schwartz, John E. Deaton, the founder of Crypto-Law.us, emphasized that even if Ripple and the SEC were to settle the case, the emails would still be disclosed.
Deaton highlighted that Roslyn Layton’s motion to intervene to obtain the emails had been ruled moot since the emails were already scheduled to be unsealed. Therefore, if a settlement were reached, the judge would need to reconsider Layton’s motion.
As the community engaged in the discussion, some participants argued that once the court had classified the Hinman emails as judicial documents for public viewing, the litigants had no say in their release.
They emphasized that any lawyer suggesting otherwise was simply mistaken. The consensus among these voices was clear: the Hinman emails were no longer a bargaining chip for the SEC and would inevitably be made public.
On a different note, others expressed concerns about Ripple’s involvement in the unfolding events, alleging that the company was using the situation to rally the XRP community while reporting exorbitant legal fees and assembling a large team of lawyers.
They speculated that this entire saga was a calculated move to dismantle and rebuild the existing financial system.
However, as the crypto industry eagerly awaits the public unveiling of the Hinman documents, the ripple effects of this ongoing legal battle continue to reverberate throughout the community.
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