hinman

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that during a meeting this week with staff from SEC commissioners Hester Peirce and Mark Uyeda, the Token Alliance of the Digital Chamber pointed out that addressing the 2018 Hinman speech is a priority for the Corporation Finance division on its first day, citing its lack of relevance to the Howey test, which has caused market confusion and "improperly created a winner/loser dynamic."Other items marked as "key" priorities for the first day include:Initiating a review of all existing crypto-related investigations, Wells notices, and ongoing litigation, and seeking to pause those cases that do not involve actual fraud or investor harm;Rescinding SAB 121 and publishing a rescission order in the Federal Register;Formally withdrawing and reconsidering the proposed amendment to Rule 3b-16, which proposed to expand the definition of "exchange" to include DeFi protocols;

ChainCatcher news, according to The Block, the latest released documents show that in 2018, former SEC director William Hinman planned to have a call with Ethereum co-founder Vitalik Buterin to understand how the Ethereum Foundation operates, to "confirm" his position that ETH is not a security.Hinman stated in a famous speech in 2018 that the native asset of the Ethereum network does not need to be regulated as a security, a point that Ripple Labs frequently cites in its defense against the SEC in their lawsuit. (source link)

ChainCatcher News: The motion to seal the controversial Hinman speech documents proposed by the U.S. Securities and Exchange Commission (SEC) has been denied, a move seen as a victory for Ripple and the crypto community. Additionally, the court also dismissed certain motions to seal related to Ripple, including references linking Ripple's revenue to XRP sales and compensation amounts provided to trading platforms. The price of XRP surged by about 3.2% due to this news, currently trading at $0.44.The SEC submitted the motion to seal the documents on December 22, 2022, and U.S. District Court Judge Analisa Torres ruled that these documents are "judicial documents" that must be presumed to be accessible to the public.The Hinman speech documents refer to a speech given by former SEC Director of the Division of Corporation Finance William Hinman at the Yahoo Finance All Markets Summit in June 2018, where he stated that Ethereum is not a security. Ripple believes this speech is key evidence in its ongoing legal battle with the SEC, which alleges that Ripple's XRP sales violate U.S. securities laws. (Cointelegraph)

ChainCatcher News: In the lawsuit between the U.S. SEC and Ripple, U.S. District Judge Analisa Torres rejected the SEC's motion to keep the documents related to former SEC senior official Bill Hinman's 2018 speech on cryptocurrency confidential, instead ordering the SEC to produce these materials.These documents are a key point in the case, as Hinman explained why he did not believe that the cryptocurrencies Bitcoin and Ethereum were securities. This document may create regulatory leeway for some digital tokens to avoid securities registration. Ripple has requested emails and memos related to the speech, which the SEC has repeatedly denied. Torres again rejected the SEC's objections on Thursday. (source link)