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Ripple vs SEC Case: US SEC Is Unable To Deny Or Confirm If Bill Hinman’s Video Actually Features Hinman

The U.S. SEC (Securities and Exchange Commission) is unable to certify or negate whether a video (supposedly having Bill Hinman) presents Bill Hinman. William Hinman (a.k.a. Bill Hinman) is the ex-director of the Corporation Finance division of the SEC and turned into a chief figure in the legal clash between the SEC and the Ripple Labs for the securities offerings through the XRP (Ripple) tokens (which is unregistered according to the claims of the SEC).

While appearing at the 2018 Fintech Week Conference, when he was working under the SEC, it was stated by Hinman that ETH (Ether)’s sale did not contain securities transfers. However, it appears as if the agency is tactfully delaying the matter of acknowledging the obvious to drag the case further.

As per a Wednesday motion to push RFAs (Requests for Admission) filed on the behalf of Debevoise & Plimpton (the legal group of Ripple Labs), the SEC has remained unsuccessful in responding according to the applicable rules as there is no actual clash in the case of the responses to 53 RFAs regarding significant subjects. Ripple wants the court to announce the decree that either the RFAs be acknowledged or some amended responses should be given by the SEC.

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In association with the RFAs targeted on Hinman, no confirmation has been provided by the SEC regarding several instances that seem to be irrefutable. For instance, even though Hinman is fully audible and visible in an interview recorded on a public occasion, a refutation has been made by the SEC in the matter of denying or confirming the authenticity of the recording or whether the person making the statements in the video was him.

It is noteworthy that Chris Brummer – the interviewer who uploaded the video on YouTube – is a law professor at Georgetown. Nonetheless, denial has been witnessed by the SEC to identify the mystery man. In the previous month, following the refutation over the request of the SEC regarding the protection of the documents connected to the Hinman, the agency additionally submitted a letter motion claiming that it possessed attorney-client privilege dealing with the internal details regarding the speech of Hinman in 2018.

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Many observers have asserted that the remarks of Hinman could turn out to be among the determining aspects against the argument of the SEC that the categorization of the digital asset XRP should be that of security. produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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