{"id":5631,"date":"2023-06-14T19:16:41","date_gmt":"2023-06-14T23:16:41","guid":{"rendered":"https:\/\/sikaoer.com\/ripples-alderoty-calls-for-probe-into-bill-hinman-and-his-infamous-speech\/"},"modified":"2023-06-14T19:16:41","modified_gmt":"2023-06-14T23:16:41","slug":"ripples-alderoty-calls-for-probe-into-bill-hinman-and-his-infamous-speech","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/ripples-alderoty-calls-for-probe-into-bill-hinman-and-his-infamous-speech\/","title":{"rendered":"Ripple\u2019s Alderoty calls for probe into Bill Hinman and his infamous speech"},"content":{"rendered":"


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Ripple\u2019s chief legal officer has called for an investigation into the motivations that led to former Securities and Exchange official William Hinman delivering his now-infamous speech in 2018.<\/p>\n

Stuart Alderoty\u2019s demand for an investigation came as part of a June 13 Twitter thread following the public release of the Hinman documents. The documents revealed that Hinman\u2019s speech was delivered despite warnings from other SEC divisions.<\/p>\n

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13\/An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create \u201cgreater confusion.\u201d<\/p>\n

\u2014 Stuart Alderoty (@s_alderoty) June 13, 2023<\/p><\/blockquote>\n

In the 2018 speech, Hinman asserted that Ether (ETH) is not a security as a result of it becoming \u201csufficiently decentralized\u201d before elaborating on what factors must be satisfied when making that determination.<\/p>\n

Alderoty argued that according to the newly released documents, Hinman had ignored the warnings of other SEC officials suggesting \u201chis speech contained made-up analysis with no basis in law\u201d and that the speech ended up sending confusing messages to the cryptocurrency industry regarding what constitutes a security.<\/p>\n

Alderoty said that unelected bureaucrats should only apply the law rather than trying to create new ones, and added that \u201cHinman\u2019s speech should never again be invoked in any serious discussion about whether a token is or is not a security.\u201d<\/p>\n

Ripple CEO Brad Garlinghouse joined Alderoty in his criticism of the regulator in a June 13 Twitter thread, arguing that the decision to go ahead with the speech despite \u201cso much pushback\u201d was \u201cunconscionable.\u201d<\/p>\n

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It\u2019s absolutely unconscionable that a regulator \u2013 when presented with so much pushback on what he was about to say \/ how he compiled this fake \u201ctest\u201d in the first place \u2013 decided to move forward anyway, and throw an entire industry into chaos. https:\/\/t.co\/9qzKOiPWsA<\/p>\n

\u2014 Brad Garlinghouse (@bgarlinghouse) June 13, 2023<\/p><\/blockquote>\n

Speaking with Cointelegraph, pro-XRP lawyer and CryptoLaw founder John Deaton noted that he also believes an investigation is warranted, adding that the fact that Hinman had referred to the speech as the \u201cEther Speech\u201d raised questions about what motivated the speech.<\/p>\n

Related: <\/strong>Ripple CEO: Hinman docs are \u2018well worth the wait\u2019<\/strong><\/p>\n

Deaton and Alderoty\u2019s comments on Hinman\u2019s motivations seem to reference Hinman\u2019s alleged ties to the Enterprise Ethereum Alliance, an advocacy organization that seeks to drive the use of Ethereum blockchain technology.<\/p>\n

Before and after working with the SEC, Hinman worked at the law firm Simpson Thacher & Bartlett LLC, which was a member of the Ethereum Enterprise Alliance.<\/p>\n

AI Eye:\u00a0Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns<\/strong><\/p>\n<\/div>\n


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Ripple\u2019s chief legal officer has called for an investigation into the motivations that led to former Securities and Exchange official William Hinman delivering his now-infamous speech in 2018. Stuart Alderoty\u2019s demand for an investigation came as part of a June 13 Twitter thread following the public release of the Hinman documents. The documents revealed that […]<\/p>\n","protected":false},"author":1,"featured_media":5632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-5631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple"],"yoast_head":"\nRipple\u2019s Alderoty calls for probe into Bill Hinman and his infamous speech - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/ripples-alderoty-calls-for-probe-into-bill-hinman-and-his-infamous-speech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple\u2019s Alderoty calls for probe into Bill Hinman and his infamous speech\" \/>\n<meta property=\"og:description\" content=\"Ripple\u2019s chief legal officer has called for an investigation into the motivations that led to former Securities and Exchange official William Hinman delivering his now-infamous speech in 2018. 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