Ripple Demands Investigation Into Former SEC Director Hinman And His Controversial Speech

Ripple Demands Investigation Into Former SEC Director Hinman And His Controversial Speech
фото показано с : zycrypto.com

2023-6-15 22:05

Hours after the public release of the infamous William Hinman emails, cryptocurrency payments service provider Ripple called for a thorough investigation into the former U.S. Securities and Exchange Commission’s (SEC) director Bill Hinman and his now-released June 2018 speech, in which he said bitcoin (BTC) and ether (ETH) were not securities, in his view.

Hinman Should Be Probed: Ripple

Documents tied to William Hinman, the former director of the U.S. Securities and Exchange Commission (SEC)’s Division of Corporation Finance from 2017 to 2020, were released to the public Tuesday, shedding some light on the internal deliberations among SEC staffers that happened at the time.

And Ripple’s chief legal officer Stuart Alderoty calls for a fresh investigation into Hinman. In a series of tweets on Tuesday, Alderoty explained the need to uncover the reasons behind his infamous ether speech and the application of the Howey test.

In that speech given in 2018, Hinman declared that Ethereum (ETH) shouldn’t be categorized as a security because it was “sufficiently decentralized,” something that caused bewilderment when the SEC later filed a lawsuit against Ripple for allegedly selling $1.3 billion worth of XRP tokens as unregistered securities.

Alderoty inferred Hinman had overstepped his bounds by creating law without the authority.

“Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t — as Hinman tried — create new law.“

The Hinman Issue

Looking at the behind-the-scenes edits and correspondence about the speech, Alderoty notes that the ex-director “invented factors” that should be considered when deciding what “sufficiently decentralized” actually is.

The legal officer said the docs demonstrated that Hinman ignored multiple warnings that the speech contained “made-up analysis with no basis in law” and caused “greater confusion” in the cryptocurrency market.

Besides launching a probe into Hinman, Alderoty pressed the SEC also to remove the speech from its website. He further urged that the speech should no longer be invoked in discussions about whether or not a token is a security.

“Despite the SEC repeatedly flip-flopping on the significance of the speech in litigation, it remains on the agency’s website,” the Ripple chief legal officer posited.

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ripple hinman investigation william emails thorough infamous

Источник: zycrypto.com

ripple hinman → Результатов: 126


Ripple XRP rises 7% after judge denies SEC’s motion to seal Hinman documents

The U.S. Securities and Exchange Commission (SEC) attempt to seal records of internal documents connected to William Hinman’s speech has been denied, according to a May 16 court filing. The motion was denied by Judge Analisa Torres, who ruled that “the Hinman Speech Documents are not protected by the deliberative process privilege because they do […] The post Ripple XRP rises 7% after judge denies SEC’s motion to seal Hinman documents appeared first on CryptoSlate.

2023-5-17 11:00


Ripple получила доступ к внутренним документам SEC

Ripple получила внутренние документы от SEC касательно речи экс-директора отдела корпоративных финансов регулятора Уильяма Хинмана. Об этом сообщил юрисконсульт компании Стюарт Альдероти. Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech).

2022-10-22 12:46


SEC пытается «вставлять палки в колеса» Ripple в судебном процессе

Комиссия по ценным бумагам и биржам США (SEC) оспорила решение суда о предоставлении компании Ripple материалов речи бывшего директора по финансам SEC о статусе ETH. В январе судья окружного суда Южного округа Нью-Йорка Сара Нетберн (Sarah Netburn) постановила, чтобы регулятор передал компании Ripple материалы выступления бывшего финансового директора SEC Уильяма Хинмана (William Hinman). В 2018 году […]

2022-8-18 11:52


Фото:

XRP Lawsuit: Judge Accused SEC of Hypocrisy, Orders Release of Hinman’s Documents

The Securities and Exchange Commission’s case against Ripple Labs lingers, and the most recent of events has seen the U.S. regulatory body hit hard by an unfavorable ruling. A judge presiding over the suit has repudiated the SEC’s attorney-client protection claim as a reason not to release documents pertaining to the Hinman speech. Judge Netburn […]

2022-7-22 23:48


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