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Hinman Documents

All articles tagged with #hinman documents

cryptocurrency-regulation2 years ago

Ripple CEO's Comments and XRP Price Prediction Spark Community Reaction Amid Ongoing Legal Battle with SEC

Ripple CEO Brad Garlinghouse has warned that the fight for regulatory clarity in the crypto industry must continue, as the legal battle between Ripple and the SEC nears its end. Garlinghouse criticized the SEC's actions, stating that they acted in "bad faith, plain and simple" and that they are "looking to kill" innovation in the US crypto industry. He believes that the recently unsealed Hinman Documents suggest that the SEC "knowingly created confusion about the rules, and they used that confusion through enforcement." Garlinghouse emphasized that the industry must work together as the SEC could take action against more crypto firms in the future.

via Cointelegraph|
#brad-garlinghouse#crypto-industry#cryptocurrency-regulation
cryptocurrency2 years ago

Ripple CEO's Comments and SEC's Hinman Emails Shake Up XRP Community.

Ripple CEO Brad Garlinghouse discussed the SEC's inconsistencies in a video, highlighting the implications of the Hinman documents. He stated that "as our case comes to a close, the fight for clarity has to continue." The XRP community reacted to the speech, with some predicting big news soon. Former SEC attorney Marc Fagel predicted the lawsuit would come to a close in days, while Ripple CEO Brad Garlinghouse made an audacious prediction of the lawsuit being resolved in "weeks" and not months.

via U.Today|
#brad-garlinghouse#cryptocurrency#hinman-documents
cryptocurrency2 years ago

Hinman documents raise questions about SEC's credibility in Ripple case.

The recently unsealed Hinman documents shed light on the SEC's conversations and decision-making process regarding cryptocurrencies, particularly XRP and Ethereum. While they may not directly impact the ongoing legal battle between Ripple and the SEC, they do raise questions about the SEC's credibility and potential conflicts of interest. The documents also suggest that tokens on a sufficiently decentralized network may exist in a "regulatory gap" and highlight the importance of fair notice in determining whether a transaction qualifies as a security. The documents may also benefit Ethereum and ERC-20 tokens in their own legal battles.

via Cointelegraph|
#cryptocurrency#ethereum#hinman-documents
finance2 years ago

BlackRock's Bitcoin ETF Filing and Its Impact on Ethereum and BTC

BlackRock has filed an application for a spot bitcoin exchange-traded fund, which has received mixed reactions from the crypto community. Meanwhile, JPMorgan notes that new developments in an SEC legal case may give ethereum a boost, as the regulator battles Ripple Labs over whether the XRP token is a security or not. The release of internal SEC discussion called the ‘Hinman documents’ may intensify the race among major cryptocurrencies to become more decentralised and look even more like ethereum in order to avoid being designated as securities.

via MarketWatch|
#bitcoin#blackrock#ethereum
cryptocurrency-regulation2 years ago

Crypto lawyer argues SEC unfit to regulate digital assets, as Gensler confirms BTC and ETH not securities.

The recently unsealed Hinman documents provide support for Ripple, Coinbase, and other entities that have faced unjust targeting by regulators, according to crypto lawyer John Deaton. The documents may influence public opinion and shape legislative discussions in Congress, raising concerns about the conduct of regulators and the interpretation of existing laws. Deaton believes that the SEC may not be the appropriate agency to oversee the crypto industry, given the apparent conflicts of interest and impropriety highlighted by the documents. The documents may also bolster Ether's position by reducing the likelihood of it being classified as a security by the SEC.

via Cointelegraph|
#congress#cryptocurrency-regulation#ethereum
cryptocurrency-regulation2 years ago

Ripple gains upper hand in SEC legal battle with Supreme Court ruling.

The ongoing case of the SEC v Ripple Labs could have a significant impact on the future of cryptocurrency regulations. Ripple argued that XRP does not satisfy the Howey test, which is used to determine whether an investment contract exists. The “Hinman documents” refer to a 2018 speech given by former SEC Director William Hinman and documents associated with writing it. The court ruled that the Hinman documents are “judicial documents” subject to a strong presumption of public access and denied the SEC’s motion to seal. The documents could negatively affect the public image of the SEC and may provide additional details around Hinman's conflict of interest. The decision could come down at any time, but it could take another month or longer.

via Cointelegraph|
#cryptocurrency#cryptocurrency-regulation#hinman-documents
cryptocurrency2 years ago

Supreme Court Rulings Favor Ripple in SEC Case

The Supreme Court's recognition of the need to adapt legal factors to the modern world aligns with Ripple's argument that securities laws should be interpreted within the common law framework. Ripple aims to establish that XRP does not fall under the SEC's jurisdiction as a security. The unsealing of the Hinman documents, which provide insight into how the regulator initially categorized cryptocurrencies, is set to take place on June 6. Both parties have requested an extension until June 13 to submit public and unredacted versions of their cross-motions for summary judgment. XRP continues to trade at $0.47 with weekly gains of about 9%.

via Finbold - Finance in Bold|
#cryptocurrency#hinman-documents#ripple
cryptocurrency2 years ago

Ripple's Legal Battle with SEC Takes New Turns

Ripple and the SEC have filed a joint letter requesting a one-week extension until June 13 to file public, redacted versions of cross-motions for summary judgment and accompanying exhibits, which includes the Hinman materials. The Hinman documents relate to a speech given in 2018 by former SEC director Bill Hinman, in which he expressed the view that Ether should not be classified as a security. Some members of the crypto community find the joint petition to be "weird." Meanwhile, Ripple CEO Brad Garlinghouse has stated that the ambiguous regulations in the US are likely to drive more cryptocurrency companies to relocate outside the country.

via Cointelegraph|
#cryptocurrency#cryptocurrency-regulations#ether