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What Is William Hinman’s Role in the SEC and XRP Lawsuit Case?

Gaurav Roy by Gaurav Roy
May 3, 2022
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SEATTLE, United States – In the ongoing battle between the Securities and Exchange Commission and Ripple Labs, Willian Hinman’s name is very prominent. You might wonder why that is. He plays an important role in resolving the case as part of strong evidence of XRP is what he said way back in 2018.

William Hinman is a former director of the Securities and Exchange Commission. His controversial speech included a statement saying that Ethereum is not a security. If this is the case, XRP should also be treated the same way as Ethereum. However, if this concept is to push through, then the lawsuit that the SEC filed against Ripple will have no bearing.

What Is William Hinman’s Role in the SEC and XRP Lawsuit Case
A photo of a white paper with written policies in it and a ballpen

Ripple Labs and its executives, Brad Garlinghouse and Chris Larsen, hold this strong piece of evidence to win the case. When their attorney, James Filan, requested access to these documents or speech by Hinman, the SEC petitioned an “attorney-client privilege.” Many believe that this evidence is crucial to resolve, but with all the technicalities in play, it will be hard to get a hold of.

The SEC is also careful about Hinman’s stand on this case. A whistleblower, Empower Oversight, stated that Hinman had about 200 emails with conflict-of-interest issues. One of those emails contained the fact that Hinman met with the executives of Ethereum before giving out his speech about it not being a security.

What Is William Hinman’s Role in the SEC and XRP Lawsuit Case
A photo of an ETH coin in a white plan background

Furthermore, Hinman had warned not to meet with anyone from a firm named Simpson Thacher, which is dedicated to encouraging the commercial use of ETH. This warning was not regarded by Hinman and continued with his meeting with the ETH execs.

If the court can publicize those documents, then XRP will have a high chance of winning this lawsuit, setting the ground for all other cryptocurrencies in the industry.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: Ripple newsripple news todayXRP bull trendxrp newsxrp news today
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

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Broadening Financial Access

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The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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