{"id":7757,"date":"2023-06-13T22:16:41","date_gmt":"2023-06-13T22:16:41","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/ripple-clo-demands-answers-from-sec-over-hinman-speech-controversy\/"},"modified":"2023-06-13T22:17:08","modified_gmt":"2023-06-13T22:17:08","slug":"ripple-clo-demands-answers-from-sec-over-hinman-speech-controversy","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/ripple-clo-demands-answers-from-sec-over-hinman-speech-controversy\/","title":{"rendered":"Ripple&#8217;s Chief Legal Officer Calls for Inquiry into SEC Official&#8217;s Cryptocurrency Speech"},"content":{"rendered":"\n<div>\n<p>Ripple\u2019s Chief Legal Officer, Stuart Alderoty, has demanded an investigation into the actions of a former Securities and Exchange Commission (SEC) official, Bill Hinman, over his controversial speech on cryptocurrencies five years ago. This comes after the SEC filed a lawsuit against Ripple and made public the emails and drafts of Hinman\u2019s speech, which allegedly demonstrate that Hinman ignored multiple warnings and created confusion in the market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ripple_Demands_Transparency\"><\/span>Ripple Demands Transparency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In his speech, Hinman stated that a token becomes \u201csufficiently decentralized\u201d and is no longer a security. However, the SEC treated Hinman\u2019s speech as guidance, with former SEC Chair Jay Clayton even citing it publicly. Despite the SEC changing its position on the significance of the speech in litigation, it remains on the agency\u2019s website. According to senior SEC officials, Hinman ignored suggestions to link his factors to the Howey analysis and skipped over jurisdictional questions. Ripple\u2019s CLO has called for the immediate removal of the speech from the SEC\u2019s website and an inquiry into Hinman\u2019s influences and conflicts of interest.<\/p>\n<h3>Ripple CEO Criticizes SEC\u2019s Handling of Cryptocurrency Industry<\/h3>\n<p>Ripple\u2019s CEO, Brad Garlinghouse, also criticized the SEC\u2019s handling of the cryptocurrency industry, particularly its lawsuit against him and co-founder Chris Larsen for selling XRP as an unregistered security. Ripple denies the allegations, arguing that XRP is a digital currency. Garlinghouse accuses the SEC of creating confusion and uncertainty by using enforcement actions, and he calls for greater transparency from regulators.<\/p>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\">\n        <figcaption class=\"wp-caption-text\">XRP\u2019s downtrend after attempting to surpass the $0.5445 resistance on the 1-day chart. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\">XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s Chief Legal Officer, Stuart Alderoty, has demanded an investigation into the actions of a former Securities and Exchange Commission (SEC) official, Bill Hinman, over his controversial speech on cryptocurrencies five years ago. This comes after the SEC filed a lawsuit against Ripple and made public the emails and drafts of Hinman\u2019s speech, which allegedly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Ripple's Chief Legal Officer Calls for Inquiry into SEC Official's Cryptocurrency Speech - Bitrabo","description":"Ripple's Chief Legal Officer, Stuart Alderoty, has demanded an investigation into the actions of a former Securities and Exchange Commission (SEC) official, Bil"},"footnotes":""},"categories":[316],"tags":[1836,1834,1837,1835,1027,575,520,1028],"class_list":["post-7757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-answers","tag-clo","tag-controversy","tag-demands","tag-hinman","tag-ripple","tag-sec","tag-speech"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/7759"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}