The Ripple-Hinman Saga: Implications for XRP's Future

The newly released Hinman documents in the ongoing legal battle between Ripple and the SEC have revealed internal divisions within the SEC and raised questions about its motives. The documents suggest that the SEC is more interested in expanding its jurisdiction than fulfilling its primary mission of protecting US investors. Crypto lawyer Fred Rispoli believes that while cryptocurrencies may possess certain security attributes, their fundamental characteristics set them apart from traditional securities, and regulation should not be entrusted solely to "power-hungry" securities regulators. The release of the Hinman documents could have potential consequences for Ripple and the wider crypto industry, and additional documents may be requested that shed light on the events surrounding Hinman's speech.