Ripple and SEC “make progress” on privilege issues, postpone deposition to July 27

Rick Steves

The parties plan to have additional meet and confer discussions in the next few days to further narrow and resolve the issues relating to Mr. Hinman’s deposition.

The deposition of William Hinman, ex-SEC Director of Corporation Finance, has been postponed to July 27, 2021.

Both parties have agreed to reschedule the high-profile testimony after making “substantial progress in narrowing and resolving the privilege issues”, according to the letter sent to Judge Sarah Netburn.

Writing on behalf of both the plaintiff Securities and Exchange Commission and defendants Ripple Labs, Brad Garlinghousse, and Chris Larsen, the document stated:

“At your direction, the parties met and confered this morning on the privilege issues that arose during yesterday’s hearing on the motion to quash the deposition of William Hinman. Based on this morning’s discussions, we have agreed to adjourn the July 19, 2021 deposition of Mr. Hinman, and have rescheduled the deposition for July 27, 2021.

“The parties have made substancial progress in narrowing and resolving the privilege issues, and plan to have additional meet and confer discussions in the next few days to further narrow and resolve the issues relating to Mr. Hinman’s deposition, without waiver of any party’s rights, including any righs under Fed. R. Civ. P. 72(b)(2).

“With the court’s permission, we propose to notify the Court by 5.00 p.m. on Monday, July 19, 2021 as to the status of our discussions and, if further judicial intervention is necessary, to propose a briefing schedule to resolve any outstanding issues.”

The SEC v. Ripple lawsuit has clearly caught the eye of the public. So much so that the Judge took that, and the precedent-setting nature of the case, as exceptional circumstances that justify ordering for the deposition of the former high ranking government official.

You might also want to read: 

SEC v. Ripple: Judge orders controversial deposition of ex-SEC Director

SEC v. Ripple: Deposition may require a Special Master to rule on SEC’s objections

SEC v. Ripple: “SEC is desperate for this deposition not to go forward. Desperate”

SEC v. Ripple key hearing today: John Deaton offers line of questioning

SEC v. Ripple: “Stakeholders’ engagement with ledger system” is key, says expert

SEC v. Ripple: Will the lawsuit turn against Ethereum?

SEC v. Ripple: Why is the lawsuit taking so long?

SEC v. Ripple: When will the lawsuit end?

Read this next

Institutional FX

Binance delivers pricing and trading over MT4/5 with oneZero integration

Binance’s VIP & Institutional unit today announced a partnership with oneZero Financial Systems, a global multi-asset class software and infrastructure provider for institutional and retail brokers.

Institutional FX

BNY Mellon to leverage Baton System’s CCP network on its ECPO service

“The union of Baton’s extensive CCP connectivity with the ground-breaking functionality of BNY Mellon’s ECPO service forms a powerful offering to cleared derivatives market participants.”

Institutional FX

NYSE and Tel Aviv Stock Exchange to promote dual listings

“This major step is intended to foster collaborations between the two exchanges and to encourage the dual listing of Israeli companies in their home market and on the NYSE.”

Technology

TT’s KRM22 selected as risk technology partner of Chicago-based RCM

“Broad product coverage and effective risk analytics performance are essential to proper implementation of risk management and risk analysis.”

Industry News

DXtrade FX/ CFD Platform Integrated with Your Bourse for Turnkey Liquidity

DXtrade brokers received access to 30+ major banks and Tier 2 liquidity providers with Your Bourse.

Executive Moves

Wave hires Harumi Urata-Thompson as CFO of SEC-regulated crypto investment company

“With extensive experience leading teams across both the traditional finance and digital asset sectors, Harumi is well-equipped to provide our team with the immediate strategic insights needed to optimize our financial operations. She is a fantastic addition to our team as we continue to strengthen our position as one of the leading digital asset managers and to deliver sophisticated financial services to our clients.”

Retail FX

TRADE.com enters United States as brokerage obtains license from FINRA

“We intend to be fully operational as a brokerage house in the U.S. by the end of H1 2023 and look forward to forging long term relationships with new business partners and clients.”

Technology

Pico launches Corvil Cloud Analytics as trading industry moves into cloud

“Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

<