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William Hinman

All articles tagged with #william hinman

cryptocurrency2 years ago

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.

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

Hinman Document Release Sparks Ripple Investigation and XRP Price Surge.

Ripple is calling for an investigation into former SEC official William Hinman after documents released in an ongoing lawsuit against Ripple showed behind-the-scenes edits and correspondence about a 2018 speech on crypto regulation. Ripple's Chief Legal Officer Stuart Alderoty said an investigation must be conducted to understand what or who influenced Hinman, why conflicts were ignored, and why the SEC touted the speech knowing it would create "greater confusion." Ripple CEO Brad Garlinghouse called it "absolutely unconscionable" that Hinman moved forward with the speech despite pushback and threw the industry into chaos.

via The Block - Crypto News|
#cryptocurrency-regulation#investigation#ripple
cryptocurrency-regulation2 years ago

Hinman's SEC Emails and Speech Shed Light on Ether's Regulatory Status.

Newly released court documents reveal that SEC officials pushed former Division Director William Hinman to clarify that Ethereum (ETH) was not a security in a June 2018 speech. The documents show conversations between SEC employees, including the trading and markets department's comments, and Hinman. The SEC targeted XRP as a security after Hinman's speech clarified that the SEC did not believe that ETH was a security at the time. The documents also reveal known conflicts of interest, including Hinman's financial interest in law firm Simpson Thacher, where he worked before the SEC. The SEC and Ripple are awaiting a summary judgment, which could come before the end of the year.

via Blockworks|
#cryptocurrency-regulation#eth#legal-battle
cryptocurrency2 years ago

Hinman Documents Drive XRP Price Surge and Ripple CEO's Impatience.

XRP prices rose 7.4% as traders bet on a favorable outcome for Ripple Labs in its ongoing lawsuit against the SEC. The gains came as documents related to former SEC director William Hinman were released, suggesting that bitcoin and ether were not securities. Ripple Labs claims that Hinman's remarks mean XRP should not be considered a security, potentially resulting in a favorable outcome for the firm. The SEC sued Ripple in 2020 for selling unregistered securities, impacting XRP prices.

via CoinDesk|
#cryptocurrency#ripple-labs#sec
cryptocurrency2 years ago

Ripple's Recent Courtroom Victories Boost XRP Price.

Parties in the SEC vs. Ripple lawsuit have until June 6, 2023, to publicly file redacted versions of summary judgment documents, according to attorney James K. Filan. The court's September 12, 2022 order mandates the parties to file the summary judgment documents in the public docket 21 days after the court decides their sealing requests. The decision also denied the SEC's request to seal internal deliberations related to William Hinman's controversial speech, which Ripple CEO Brad Garlinghouse said the company is working on releasing the unredacted version of.

via The Crypto Basic|
#cryptocurrency#lawsuit#ripple
cryptocurrency2 years ago

Ripple's XRP: Court Victory, Coinbase Allegations, and Burn Debate Revealed.

The XRP price has risen by 5% after the judge presiding over Ripple's case with the SEC denied the regulator's motion to seal important documents. The expectation is now that Ripple is in a very good position to secure a favorable summary judgment or settlement, potentially causing XRP to rise much higher in the coming weeks and months. The presale token AiDoge.com, an AI-powered meme-generating platform, is also showing great potential and offers real utility, with investors able to participate in its presale by visiting its official website and connecting their wallets.

via Cryptonews|
#aidoge#cryptocurrency#ripple
cryptocurrency2 years ago

Ripple scores court victory as judge denies SEC motion to seal Hinman docs in XRP lawsuit.

A US district judge has denied a motion from the Securities and Exchange Commission (SEC) to seal records of its internal deliberations following a speech by former director William Hinman, in a win for Ripple and the crypto community. The SEC had argued that its mission outweighed the "public's right" to access documents that have "no relevance" to the court's summary judgment decision. However, Judge Analisa Torres ruled that the documents are "judicial documents" subject to a strong presumption of public access. The documents will be made public, but with certain redactions.

via Cointelegraph|
#cryptocurrency#legal-battle#ripple
cryptocurrency-regulation2 years ago

Ripple Scores Courtroom Victory as Judge Denies SEC Motion to Seal Hinman Docs

A US federal judge has ruled that the SEC cannot seal documents related to former official William Hinman's 2018 speech on crypto and securities to Ripple in the regulator's ongoing lawsuit against the company. The judge allowed the SEC to redact personal information of people mentioned in the documents but said that the "Hinman Speech Documents" were relevant to the judicial process and could not be sealed. Meanwhile, the judge allowed some of Ripple's proposed redactions, including those related to financial statements and certain business information, but ruled that others were "overbroad."

via CoinDesk|
#cryptocurrency#cryptocurrency-regulation#redactions