XRP Latest News. What’s in the SEC’s Hinman Emails and Do They Really Help Ripple? |
Ripple has published a number of emails tied to William Hinman’s 2018 speech saying Ether did not look like a security.
The emails were published alongside an updated motion for summary judgment. The emails show SEC officials deliberating about how clear the speech actually was in expressing a view that ether (ETH) was not a security.
Ripple is using the emails in its ongoing defense against an SEC lawsuit alleging the company illegally sold XRP tokens as an unregistered security for over seven years.
XRP’s price spiked after the emails were initially released. The SEC cannot seal documents tied to former official William Hinman’s 2018 speech on crypto and securities to Ripple in the regulator’s ongoing lawsuit against the company closely associated with the XRP cryptocurrency.
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District Judge Analisa Torres, of the U.S. District Court for the Southern District of New York, ruled that the documents tied to that speech, in which the former SEC Director of Corporation Finance stated that in his view, ether was not a security, cannot be sealed in a court order.
Attorney John Deaton, Amicus curiae in the XRP lawsuit suggests that June 13 will make it clear how strong or weak are SEC’s assertions.
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Sources Coindesk.com , Decrypt.co , Thecryptobasic.com , Coingape.com
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