The US Securities and Exchange Commission (SEC) has filed to seal documents in its lawsuit against San Francisco payments company Ripple that contain internal SEC deliberations about a speech given by former SEC official William Hinman in 2018 stating that both bitcoin and ether were not securities.
The SEC argued that the documents, which reflect the views and positions of various SEC officials on “issues of programmatic significance”, would harm the agency’s ability to discuss issues “with openness and candor” if they were made public.
Ripple claims the documents, which Judge Analisa Torres ordered the SEC to release in September, are highly relevant and could reveal why the SEC has seemingly chosen some crypto assets as securities and others as not.
