XRP Lawsuit: US SEC Takes Caution About Bill Hinman Ahead Of June 13
Crypto Market News: Ahead of the June 13, 2023 deadline to make public the Bill Hinman speech documents, the U.S. Securities and Exchange Commission (SEC) appears to be cautious around the former director’s role in the agency. As the United States continues to increasingly become hostile to the crypto market with the current regulatory environment, the Ripple Vs SEC lawsuit comes across as a ray of hope for not just XRP investors but the entire community. Earlier, CoinGape reported that both sides of the lawsuit, the U.S. SEC and Ripple jointly requested a one week extension on the date to file the Hinman speech documents. Hence, the new deadline for submission comes to be June 13.
Also Read: Bitcoin, Crypto Under Selloff Pressure As US Treasury Dept Start Issuing T-Bills
There has been much talk about the documents and email conversations by former US SEC Director of Corporation Finance, Bill Hinman. The Hinman speech is touted as controversial as he spoke about the Ethereum transformed from being a security to not a security. The 2018 Hinman speech included his explanation on the decentralized nature of Bitcoin and sufficiently decentralized nature of Ethereum makes both assets not securities.
US SEC Website Changes To Bill Hinman Page
In a fresh development, Bill Hinman’s webpage on the US SEC website went through massive changes. The 200 word description of Hinman’s roles prior to the SEC position had been entirely removed from the Biography page. A previous version of the same page, as seen on Internet Archive from February 2023, shows that the former SEC director’s biography description is clearly mentioned in three paragraphs. Interestingly, the official’s biography originally mentioned that the department headed by Hinman ensures that material information is provided to investors.
“The Division seeks to ensure that investors are provided with material information in order to make informed investment decisions.”
Meanwhile, John Deaton, the lawyer representing the XRP holders in the lawsuit, felt that Judge Analisa Torres would not deliver the Summary Judgement until after the speech documents are revealed to public.
Also Read: From ‘Pepe’ to ‘MEMEVENGERS’, Binance CEO Asserts Meme Coin Craze As Positive Signal
- Japanese Gaming Firm Gumi to Boost Treasury With BTC, XRP After $38M Raise
- BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside
- Billionaire Ray Dalio Calls Bitcoin “Alternative Money” as BTC Profit-Taking Tops $3.7B Amid $120K Rally
- Canary Litecoin ETF Delayed Due to Government Shutdown, What’s Next?
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
