BeInCrypto –
SEC and Ripple are still locked in a legal tussle, as Ripple plays a strong hand by highlighting that the former director of the SEC’s Division of Corporate Finance confirmed in 2018 that Ethereum was not a security.
In a 2018 speech, a statement made by the former director of the SEC’s Division of Corporate Finance, Bill Hinman, seemed to suggest that he does not consider Ethereum as a security. The SEC has claimed that the statement was Hinman’s own opinion, but Ripple subsequently discovered an email chain between the SEC and a third party that seemed to indicate that the view was the SEC’s, not just Hinman’s.
This has raised serious questions as to whether Mr. Hinman lied to the court. The judge has compelled the SEC to submit two documents related to the SEC’s meetings with law firms, and the email chain, together with a submission explaining its privilege assertions for each of those documents by October 15, 2021.
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