Hogan & Hogan law firm partner attorney Jeremy Hogan reiterates that the Securities and Exchange Commission has lost its “privilege” argument over the drafts of Director William Hinman’s June 2018 controversial speech.

With the SEC losing the privilege over Hinman’s documents, the federal agency has chosen to move on to seal the documents from being filed or referenced publicly by Ripple, attorney Hogan said.

According to Hogan, the general rule for sealing documents from being filed publicly is that the moving party must show an overriding interest. Attorney Hogan added that the SEC’s overriding interest in sealing Hinman’s documents is the agency’s argument that it will fight the DPP privilege in other courts.