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Ripple CEO: Hinman Docs are Well Worth the Wait
The cryptocurrency community has been eagerly awaiting the unsealing of the Hinman documents, which contain internal discussions by Securities and Exchange Commission (SEC) staff. Ripple CEO Brad Garlinghouse has expressed his anticipation, hinting that these documents could potentially turn the tide in Ripple’s favor. With just one day remaining until the documents are unveiled, Garlinghouse believes that the wait will be worthwhile. This article explores the significance of the Hinman documents and the potential impact they may have on Ripple’s legal battle.
Understanding the Hinman Documents
The Hinman documents pertain to internal SEC messages discussing a 2018 speech delivered by former SEC Director William Hinman. In his speech, Hinman proposed that cryptocurrencies like Bitcoin and Ether, initially considered securities, could transition into commodities once they achieve a certain level of decentralization. These internal deliberations hold crucial information that could shed light on the legal status of Ripple’s native XRP token.
Optimism Grows within Ripple’s Ranks
Ripple CEO Brad Garlinghouse, along with Ripple’s chief legal officer Stuart Alderoty, firmly believes that the forthcoming unsealing of the Hinman documents will be a…
