Hinman Emails Reek of SEC Unjustly Favoring Ethereum Over XRP

Hinman Emails Reek of SEC Unjustly Favoring Ethereum Over XRP

Time Stamp: June 13, 2023 7:19 AM
Source Node: 2131776
  1. Hinman emails are out and there are hundreds of pages to read.
  2. XRP fans are pointing out an unjust bias of SEC for ETH against other cryptocurrencies.
  3. Ripple has filed documents, although it is plausible for the lawsuit to go to trial.

The long-awaited Hinman emails are out, and the crypto community is taking its time to read through all documents. 

Apparently, there is a lot to unpack, as there are hundreds of pages of communications happening among William Hinman, formerly SEC’s Director of Corporate Finance, and other higher-ups of the securities commission.

But if there is one thing that is clear, it is that many fans are noticing an unjust bias of the SEC toward Ethereum (ETH) over most cryptocurrencies. 

It should be remembered that prior to the SEC filing a lawsuit against Ripple at the end of 2020, Ethereum founder Vitalik Buterin had been engaging with the XRP community in a word war. 

Now, if the emails align with the rumors from back in 2020, Buterin and some important members of the Enterprise Ethereum Alliance met with SEC officials to clear Ethereum from becoming a security.

This will not bode well for the SEC, as there are a few strong arguments to exclude ETH from being a security while tagging everything else as such.

So far, the cryptocurrencies that are on the safer side are Proof of Work (PoW) coins like Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE).

Meanwhile, Ripple has already started filing documents early this morning, in preparation for what could be the beginning of the end of the lawsuit. However, it is still plausible for the suit to go into trial, which may extend for years on end.

Read Also :

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.

Time Stamp:

More from Crypto News Land