The XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been making waves in the digital asset industry. While the legal battle rages on, the documents and emails related to the Hinman Speech have become a key talking point.
Despite the SEC surrendering its assertion over the Hinman Doc and submitting them to the Ripple and defendants, these vital documents are still not available to the public. In an effort to gain access to them, several requests have been filed in the XRP lawsuit.
Empower Oversight Backs Motion in XRP Lawsuit
Now, a government watchdog called Empower Oversight has lent its support to the motions filed to Unseal Hinman documents in the XRP lawsuit. Jason Foster, President of Empower Oversight, has backed the motion filed by Roslyn Layton with Judge Analisa Torres. However, he stated that the documents sealed by the SEC include a controversial speech on digital assets given by the former SEC executive Bill Hinman.
The lawsuit continues to make headlines, and it remains to be seen what the SEC’s next move will be. However, the support of Empower Oversight for the motions to unseal the Hinman documents could be a significant step towards greater transparency in the ongoing legal battle.
Conclusion
As the XRP lawsuit continues to be a topic of great interest in the digital asset industry, the support of Empower Oversight for the motions to unseal the Hinman documents could be a significant development. With these vital documents still not available to the public, the effort to gain access to them remains ongoing, and the outcome of the lawsuit remains uncertain.
