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Judge Denies SEC's Attempt to Seal Records Related to William Hinman's Speech on Ethereum and XRP Lawsuit

The U.S. Securities and Exchange Commission's (SEC) attempt to keep internal documents related to William Hinman's speech sealed has been denied by Judge Analisa Torres. The SEC argued that the documents should be sealed due to their lack of relevance to summary judgment motions and the potential for prejudice against the financial regulator.

However, Judge Torres ruled that the documents are subject to a strong presumption of public access as they are relevant to the judicial function and useful in the judicial process. The XRP community has welcomed the news, with Ripple CEO Brad Garlinghouse describing it as another win for transparency. XRP grew 7% in the last 24 hours following the news.

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