Details of the Hinman documents, which played a key role in the lawsuit between Ripple (XRP) and the US Securities and Exchange Commission (SEC), have leaked.
The long-awaited litigation between Ripple and the SEC, seen as a guiding light hinman documentation Some details have leaked. Today, of the SEC Although it is the last day to disclose the documents, there is no clear statement from the regulatory agency yet, among the leaked documents. notable phrases took place.
With the effect of the emerging documents and news flow, Ripple price will be around approx. 7% rose. The said documents in the first Ethereum as a security to be arranged that you don’t need The following statements caught the attention of the community:
We need not need to regulate Ether as a security as it is currently presented. This conversation is between us for now and will be used openly if we all agree. However, we will hold a meeting with Buterin later this week to confirm our understanding of how the Ethereum Foundation works.
Other issues on the subject document especially if More details about Ethereum and brings a different perspective to the securities debate:
We still have reservations about adding a direct statement about Ether. Despite the reservations in the sentence, it seems that it will be difficult for the agency to take a different position on Ether in the future.
The Hinman documents have an important place in the lawsuit between Ripple and the SEC. Bill Hinman, former director of the SEC’s corporate finance division 2018In the talk in ., Ethereum is a security. not classified as had stated that it was necessary.
Ripple used Hinman’s speech in 2021 as an indication that the SEC does not consider Bitcoin or Ethereum a security, and XRP is also not considered a security argued that it should.
The SEC claimed that Hinman’s speech sometimes reflected his personal views and did not represent the policy of the Commission. Therefore, to hide the documents related to the speech from the public and to use the documents for internal discussions. a law that ensures confidentiality arguing that he was protected by publicly not to share he wanted.
According to CoinGecko data, with the effect of the news flow, 7% rising XRP, 0.524 dollars from the level $0.561 climbed up. XRP, whose rise was short, at the time of writing from $0.532 is being traded.