Ripple and the individual defendants have just filed their Response to the SEC’s Motion to Quash William Hinman’s Deposition. Here is where it gets interesting. In Ripple’s response they stated:
Mr. Hinman’s communications with the Ethereum Foundation, ConsenSys, and other third parties are relevant and discoverable. This Court has ruled that the SEC’s statements to market participants about the regulatory status of cryptocurrencies, including those “related to Bitcoin and Ether,” are discoverable because they are “relevant to the Court’s eventual analysis with respect to the Howey factors”; “relevant as to the objective review
This leads to the question after the SEC’s public statement on both Bitcoin and Ethereum, why was Hinman then communicating with the Ethereum Foundation and ConsenSys a blockchain software technology company founded by Joseph Lubin? Ripple has requested for the SEC to release all documents and was granted the request but the SEC has yet turned them over.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) July 1, 2021