- Ripple CEO Brad Garlinghouse shares his thoughts on the release of the Hinman documents.
- Garlinghouse stated that he waited 18+ months for this release.
- The long-awaited unsealing is expected to happen today, June 13th.
In a recent tweet, Brad Garlinghouse, the CEO of Ripple, expressed his perspective on the eagerly awaited release of the so-called “Hinman documents.” The Hinman documents refer to a speech made by former Securities and Exchange Commission (SEC) official William Hinman in 2018, which many anticipate could provide crucial insights into the regulatory classification of cryptocurrencies, including Ripple’s XRP.
Garlinghouse acknowledged the extensive wait of over 18 months for the documents’ release but emphasized the importance of patience, refraining from divulging further details at the moment.
He tweeted,
Wish I could go in depth now, but we’ve waited this long (18+ months), I don’t want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait.
The Ripple CEO’s remarks imply a positive outlook, suggesting that the Hinman documents could contain valuable information regarding the regulatory treatment of XRP and other digital assets.
Since Hinman’s speech in 2018, the crypto industry has eagerly anticipated the documents’ publication, hoping for clarity on whether certain digital assets should be considered securities under U.S. securities laws. Such guidance would provide much-needed regulatory clarity and potentially shape the future of the crypto market.
The delay in releasing the Hinman documents has been a source of frustration and speculation within the crypto community. However, Garlinghouse’s tweet suggests that Ripple and its legal team have confidence in the content of the documents.
Market participants, including Ripple stakeholders, investors, and industry observers, will now eagerly await the release of the Hinman documents to gain deeper insight into the regulatory landscape surrounding cryptocurrencies.
The disclosure of the documents occurs during a period of significant upheaval in the cryptocurrency industry. On June 13, the federal court will also address the SEC’s request to immobilize the assets of Binance.US, which comes after a series of legal actions taken against the exchange. Coinbase chief legal officer Paul Grewal also commented on the situation, listing the confluence of significant events expected this week..
The SEC’s anti-crypto activism has crescendoed in recent weeks. With the recent lawsuit against Binance and Coinbase and the recent categorization of several cryptocurrencies as securities, the agency is going all in on its crypto crackdown.
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