Five years after Bill Hinman delivered his speech on cryptocurrencies, Chief Legal Officer (CLO) at Ripple, Stuart Alderoty, has called for an investigation into the former Securities and Exchange Commission (SEC) official’s actions.
The call comes after the SEC’s lawsuit against Ripple and the subsequent release of public emails and drafts of Hinman’s speech, which allegedly show that he ignored multiple warnings that his analysis had no basis in law and would create confusion in the market.
Ripple Calls For Transparency
In his speech, Hinman declared that a token is not a security once it becomes “sufficiently decentralized” and invented factors to consider when making a “sufficiently decentralized” determination. Despite claiming that the speech was his personal view, the SEC touted it as guidance, with then-SEC Chair Jay Clayton publicly pointing to it.
Despite the SEC repeatedly changing its position on the significance of the speech in litigation, it remains on
We współpracy z: https://bitcoinist.com/ripple-clo-demands-answers-from-sec/
