{"id":37926,"date":"2022-10-21T04:18:44","date_gmt":"2022-10-21T08:18:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=37926"},"modified":"2022-10-21T04:18:47","modified_gmt":"2022-10-21T08:18:47","slug":"ripple-finally-gets-hold-of-sec-hinman-document","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-finally-gets-hold-of-sec-hinman-document\/","title":{"rendered":"Ripple finally gets hold of SEC Hinman document"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-after-an-18months-long-battle-between-ripple-and-the-sec-the-commission-has-finally-released-the-popular-william-hinman-document-to-the-san-francisco-based-fintech-company\">After an 18months long battle between Ripple and the SEC, the commission has finally released the popular William Hinman document to the San Francisco-based <a href=\"https:\/\/coinscreed.com\/staging\/fintech-company-nium-is-set-to-take-on-european-markets.html\" target=\"_blank\" rel=\"noreferrer noopener\">fintech company<\/a>. <\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"948\" height=\"470\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111.png\" alt=\"Ripple finally gets hold of SEC Hinman document\" class=\"wp-image-37928\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111.png 948w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111-300x149.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111-768x381.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111-150x74.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111-750x372.png 750w\" sizes=\"(max-width: 948px) 100vw, 948px\" \/><figcaption>Ripple finally gets hold of SEC Hinman document<\/figcaption><\/figure>\n\n\n\n<p>After &#8220;18 months and 6 court orders,&#8221; Ripple general counsel Stuart Alderoty announced on Twitter on October 21 that they had obtained the elusive Hinman documents. However, he highlighted that the SEC had insisted that they remain confidential.<\/p>\n\n\n\n<p>He shouted, &#8220;It was well worth the effort to get them,&#8221; and continued,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-i-ve-always-felt-good-about-our-legal-arguments-and-i-feel-even-better-now-i-always-felt-bad-about-the-sec-s-tactics-and-i-feel-even-worse-about-them-now\"><p>\u201cI\u2019ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC\u2019s tactics, and I feel even worse about them now.\u201d<\/p><\/blockquote>\n\n\n\n<p>The documents in concern is a 2018 lecture by former <a href=\"https:\/\/www.google.com\/search?q=Ripple+finally+gets+hold+of+SEC+Hinman+document&rlz=1C1SQJL_enNG889NG889&oq=Ripple+finally+gets+hold+of+SEC+Hinman+document&aqs=chrome..69i57.519j0j9&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">SEC division director William Hinman<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> concerning the status of ether, and the financial regulator appears to be doing all in its power to keep them secret.<\/p>\n\n\n\n<p>Judge Analisa Torres of the U.S. District Court rejected the SEC's second attempt to withhold the documents in late September.<\/p>\n\n\n\n<p>He said at the time that ETH was not a security, and Ripple views this as a crucial point in its defense against the regulator, who has accused it of selling its native cryptocurrency XRP in an unregistered securities transaction.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC\u2019s insistence), I can say that it was well worth the fight to get them.<\/p>&mdash; Stuart Alderoty (@s_alderoty) <a href=\"https:\/\/twitter.com\/s_alderoty\/status\/1583229474681675776?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 20, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>Hogan & Hogan partner While speculating on the SEC's retort, Jeremy Hogan said that these are the briefs &#8220;where we'll really see how powerful each position is.&#8221; The papers will be made public on October 24th, he noted.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/ripple-vs-sec-ceo-brad-garlinghouse-cleared-the-only-stumbling-block-to-a-settlement-with-the-sec.html\" target=\"_blank\" rel=\"noreferrer noopener\">Brad Garlinghouse<\/a>, the CEO of Ripple, complained on Twitter, calling the SEC's actions shocking and shameful:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-the-sec-wants-you-to-think-that-it-cares-about-disclosure-transparency-and-clarity-don-t-believe-them-when-the-truth-eventually-comes-out-the-shamefulness-of-their-behavior-here-will-shock-you\"><p>\u201cThe SEC wants you to think that it cares about disclosure, transparency and clarity. Don\u2019t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.\u201d<\/p><\/blockquote>\n\n\n\n<p>Prices for XRP don't seem to have changed in response to the most recent event. According to CoinGecko, the cryptocurrency has been down 3.2% over the last 24 hours, falling to $0.446 at the time of writing.<\/p>\n\n\n\n<p>As the case moves closer to resolution, Ripple's momentum has been strong over the past month or so, but<a href=\"https:\/\/coinscreed.com\/staging\/ripple-launches-evm-sidechain-for-xrp-ledger.html\" target=\"_blank\" rel=\"noreferrer noopener\"> XRP<\/a> is still down 87% from its all-time high of $3.40 in January 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an 18months long battle between Ripple and the SEC, the commission has finally released the popular William Hinman document to the San Francisco-based fintech company. After &#8220;18 months and 6 court orders,&#8221; Ripple general counsel Stuart Alderoty announced on Twitter on October 21 that they had obtained the elusive Hinman documents. However, he highlighted [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":37928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[11864,142,3955],"class_list":["post-37926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-hinman-document","tag-ripple","tag-securities-and-exchange-commission"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-111.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/37926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=37926"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/37926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/37928"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=37926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=37926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=37926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}