Hinman Docs Set To Be Released TODAY

June 13, 2023 8:45 am Comments

Today is the day that many XRP holders have been waiting for.

In case you are not familiar with the Hinman Docs they are references to the internal messages within the SEC that discuss the 2018 speech by former Securities and Exchange Director William Hinman.

In the speech, Hinman stated, “While cryptocurrencies such as Bitcoin BTC may start off as securities, it’s possible for them to become something more akin to a commodity once they become sufficiently decentralized.”

As of right now, the Hinman docs are set to be released sometime today and according to a recent statement by CEO of Ripple Brad Garlinghouse, they are well worth the wait.

Here’s what Cointelegraph reported:

The Hinman documents refer to internal SEC messages concerning a 2018 speech given by former Securities and Exchange Director William Hinman. In the speech, Hinman said that while cryptocurrencies such as Bitcoin BTC may start off as securities, it’s possible for them to become something more akin to a commodity once they become sufficiently decentralized.

Many Ripple advocates believe that the imminent unsealing of the documents will prove instrumental in providing further insight into the legal status of Ripple’s native XRP
XRP token.

The unsealing of the documents comes amid an extremely turbulent time for the crypto industry. June 13 will also see the federal court will hear the SEC’s motion to freeze the assets of Binance.US, following on from a spate of legal action against the exchange.

 

In case you haven’t read already, here’s what Brad Garlinghouse thinks about the upcoming Hinman release:

Ripple CEO Brad Garlinghouse Says Hinman Docs Are “Worth The Wait”

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