David Schwartz confirmed that Ripple’s defense lawyers will try their best to bring the Hinman document to the public.
Ripple is a San Francisco headquartered blockchain company. The services of this crypto firm are focused on providing cross-payment services with the help of XRP coin. Since Dec 2020, Ripple has been fighting against the United States Securities and Exchange Commission (SEC) over the nature of the XRP coin.
During a discussion in the Twitter community over the possible chances of whether the Hinman document will be released in the public domain or not.
Ripple CTO David Schwartz said that Ripple will never agree to not make those documents private. In short, Ripple official believe that Ripple lawyers will try their best to bring that document into the public domain.
Pro-XRP supporter & Crypto attorney John Deaton also shared his opinion and said that Ripple CTO is right because the court judge already ruled that the Hinman document should be released in the public domain and also noted that if Ripple vs SEC case will settle anytime without any reference to the Hinman document, then still there will be a full chance for the court judge to against revisit the motion to bring the documents in public domain
Hinman document
William Hinman is a former SEC Commissioner. In the past, he stated that Ethereum is a non-security crypto token. On behalf of Hinman’s statement, many conversations occurred among the SEC staff.
In the Hinman document, there is everything that the former SEC official talked about about Ethereum. And here Ripple defense lawyers will use Hinman’s statement to prove the nature of the XRP token as a non-security crypto token.
Read also: CZ is happy with Bitcoin hater Peter Schiff’s money conversion
