Ripple CEO believes that the waiting for the publication of the Hinman documents is worthwhile

Veröffentlicht:

Aktualisiert:

Von:

The legal dispute between the US stock exchange supervision SEC (Securities and Exchange Commission) and the blockchain company Ripple could soon take a significant turn because the CEO of the company, Brad Garlinghouse, announced that the long-awaited Hinman documents were worth waiting.

On a Monday Twitter in response to a question of the crypto-youtuber jungle Inc expressed his wish to talk about the documents in detail, however, decided not to go too far because the community had been waiting for this point for so long.

worth waiting time

The Hinman documents, the publication of which is planned for June 13, refer to internal SEC messages in connection with a speech by the former director William Hinman from 2018, in which Ethher (Eth) was classified as goods. The former SEC officer said that Bitcoin (BTC) and ETH originally considered securities, but could be to be used as soon as they were sufficiently decentralized.

ripple insisted that his native token, XRP, was sold in the same way when it was founded as ETH, and since the latter was not classified as securities, the former was also a goods.

The second was switched on Rippleder case was represented for about two years with the claim that the sale of XRP was an unregistered securities offer. The company, on the other hand, continues to deny the accusation on the grounds that the token does not meet the requirements of the Howey test. Both companies have made several back and forth applications that prevented the court from clarifying the matter.

Rippleda's legal team from ’s looked for the copy of Hinman's speech to underpin their claims. Despite several SEC objections, the New York judge Analisa Torres instructed the agency to submit the documents in September 2022.

an eventful week

Garlinghouse's most recent explanation comes at a time when several companies for digital assets are preparing to deal with the SEC legally in a week that is eventful for crypto.

binance.Us, the American subsidiary of the world's largest crypto exchange Binance, will reject the commission to freeze its assets in accordance with a lawsuit submitted on June 5; The SEC sued the global company because it operated a non -registered securities exchange, a non -registered broker and a clearing position.

In addition, the SEC will follow an order of the Court of Appeal for the Third District and will present its position on the application for the rule of Coinbase within seven days, since it submitted a lawsuit against the crypto exchange due to alleged violations of securities laws.

.