{"id":80164,"date":"2023-06-13T16:59:31","date_gmt":"2023-06-13T13:59:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80164"},"modified":"2025-09-11T15:11:57","modified_gmt":"2025-09-11T12:11:57","slug":"xrp-climbs-7-after-publication-of-statements-by-former-sec-official","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/xrp-climbs-7-after-publication-of-statements-by-former-sec-official\/","title":{"rendered":"XRP climbs 7% after publication of statements by former SEC official"},"content":{"rendered":"

As part of the Ripple v. SEC case, the court officially released documents<\/a> related to the 2018 speech by former regulator William Hinman.<\/p>\n

In his 2018 speech, the former director of the agency’s corporate finance department said that for some reasons Bitcoin and Ethereum are not securities.<\/p>\n

According to the documents, Hinman also corresponded with Vitalik Buterin, cofounder of the second-largest cryptocurrency by market capitalization, to clarify how the Ethereum Foundation operates.<\/p>\n

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“A digital asset or token is a security when it represents a set of rights that give the holder a financial interest in an enterprise. [\u2026] But what about those cases where there is no centralized company into which funds are invested, and when the coin is sold only to be used to buy goods or services?” \u2014 the former official.<\/p>\n<\/blockquote>\n

In an email to staff of his department, Hinman suggested that “there is no need to regulate Ethereum the way it is currently \u2014 as a security”.<\/p>\n

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Here are the #XRP<\/a> #Ripple<\/a> Hinman emails pic.twitter.com\/l4BmiStrKE<\/a><\/p>\n

\u2014 Cheeky Crypto (@CheekyCrypto) June 13, 2023<\/a><\/p><\/blockquote>\n