XRP News: Hinman Emails Depicts SEC Fovoured Ethereum Over Other Cryptos

Ashish Kumar
June 13, 2023 Updated July 21, 2025
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US SEC to Appeal XRP Secondary Sales In Ripple Lawsuit, Says Ex-SEC

XRP News: The long running legal battle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs just got intensified with the public release of Hinman Speech related documents. The crypto community is going through each and every page of it, however, an overview of it suggests that the Commission favored Ethereum ahead of all other digital assets.

Also Read: Vitalik Involved In Process Of Hinman’s Infamous ETH Speech; Reveals Docs

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Why ETH Not XRP?

The crucial documents revealed why then SEC Director Bill Hinman mentioned Bitcoin and Ethereum and let the XRP out of this category. However, Hinman’s speech indicated that a digital asset offered as a security can, over time, change into something other than a security. It highlighted that Ether was not a security even though it was launched through an initial coin offering (ICO).

It is mentioned that the internal departments had some second thoughts about stating Ethereum in the speech. Hinman drew opposition for the reason that he included Ether in the speech draft. However, he stated they have a call scheduled with Vitalik Buterin, Ethereum Founder, later that week in order to confirm the understanding of ETH foundations operations. Read More XRP News Here…

The comments from the Trading and Markets Department in response to Hinman’s speech draft stated that the speech is what the market participants were asking for and they are very supportive of the speech and what it is communicating to the general public.

Also Read: Hinman Docs Reveal In XRP Case To Congressional Hearing; Why This Week Is Crucial For Crypto?

Meanwhile, the SEC’s Office of General Counsel (OGC) turned out to have concerns with the draft’s language about Ether. It also issued a proposal to remove it from the draft and even from the final version of the controversial speech. It added that it might become difficult for the agency to take a different position on Ether ahead.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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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.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.