SEC Releases Hinman Documents in Ripple Case

The Securities and Exchange Commission (SEC) has released a trove of documents related to a speech given by former director of the SEC’s corporation finance division Bill Hinman in 2018. The speech, in which Hinman said that Ethereum (ETH) was not a security, has been a key point of contention in the SEC’s lawsuit against Ripple Labs, the company that created XRP.

The documents released by the SEC include emails, memos, and other internal communications related to the Hinman speech. They show that the SEC was divided on the issue of whether ETH was a security, with some officials believing that it was and others believing that it was not.

The release of the Hinman documents is a major victory for Ripple, which has long argued that the SEC’s lawsuit is based on a flawed interpretation of the law. The documents show that the SEC itself was unsure whether ETH was a security, and they call into question the SEC’s decision to sue Ripple.

The SEC has not yet commented on the release of the Hinman documents. However, it is likely that the documents will play a major role in the upcoming trial in the SEC’s lawsuit against Ripple.

The release of the Hinman documents is a major development in the SEC Ripple case. It is a victory for Ripple, and it calls into question the SEC’s lawsuit. The documents are likely to play a major role in the upcoming trial, and they could have a significant impact on the outcome of the case.

Here are some additional details about the Hinman documents:

  • The documents were released on May 19, 2023.
  • The documents total over 1,000 pages.
  • The documents include emails, memos, and other internal communications related to the Hinman speech.
  • The documents show that the SEC was divided on the issue of whether ETH was a security.
  • The documents call into question the SEC’s decision to sue Ripple.

The release of the Hinman documents is a major development in the SEC Ripple case. It is a victory for Ripple, and it calls into question the SEC’s lawsuit. The documents are likely to play a major role in the upcoming trial, and they could have a significant impact on the outcome of the case.

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About William Johnson 154 Articles
A keen tech enthusiast who loves to keep a tab on the tech scene, with special emphasis on things like smartphones, tablets, laptops, convertibles and such. Cars happen to be his other passion, not to mention the recent trend here comprising of electric cars and autonomous cars. Off late, he has also started tinkering a bit with stuff like electronic circuits, electric motors a bit though he's just a novice there.

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