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Bill Hinman

All articles tagged with #bill hinman

cryptocurrency2 years ago

SEC Court Case and Hinman Documents Impact XRP and Crypto Markets

XRP drops 4.6% following the release of the Hinman documents in Ripple's ongoing legal battle with the SEC over allegedly selling unregistered securities. Ripple sought the release of the documents to clarify the former SEC director's 2018 speech, which stated that Ethereum was not a security due to being "sufficiently decentralized." Ripple claims that the speech caused confusion when they were sued for selling an unregistered security. XRP initially jumped 6% after the release of the emails but dropped again after Ripple's chief legal officer claimed that Hinman "invented factors" and ignored warnings.

via Decrypt|
#bill-hinman#cryptocurrency#legal-battle
cryptocurrency2 years ago

"Ripple's Hinman Investigation and XRP Price Surge Amidst Crypto Uncertainty"

Ripple's chief legal officer, Stuart Alderoty, is calling for an investigation into former SEC director Bill Hinman's 2018 speech on crypto transactions and the application of the Howey test. Alderoty claims that Hinman "invented factors" to determine what "sufficiently decentralized" means and ignored warnings that the speech contained "made-up analysis with no basis in law." The speech caused confusion when the SEC later sued Ripple Labs for allegedly selling $1.6 billion worth of XRP as an unregistered security.

via Decrypt|
#bill-hinman#cryptocurrency#ethereum
cryptocurrency2 years ago

Ripple wins court victory as judge denies SEC motion to seal Hinman documents.

A judge has denied the SEC's motion to seal documents related to a controversial 2018 speech by former SEC director Bill Hinman, which Ripple has used as evidence in its ongoing lawsuit with the SEC. Ripple argues that the speech indicates the SEC does not view Bitcoin or Ethereum as securities, and therefore XRP should not be considered a security either. Ripple CEO Brad Garlinghouse hailed the decision as "Another win for transparency!" and expects to see "unredacted" Hinman emails soon.

via Decrypt|
#bill-hinman#cryptocurrency#ripple