Judge Sarah Netburn has ordered Hinman, former SEC Director of Corporation Finance, to depose Monday 19th July. Hinmans deposition could be key to clarify the SEC’s policy on Crypto assets.
According to Ripple, Hinman could provide “a critical window into the SEC’s communications with important third parties about the regulatory status of digital assets.”In 2018, the former SEC official stated that Ethereum is not a security. Hinman’s ruling on ETH at the time was controversial, and he left the agency shortly after.Moving forward, the blockchain firm would continue to convince the court that XRP should have a similar regulatory status as Bitcoin and Ether. Judge Netburn called Hinman’s speech on Ethereum three years ago “the central question” of the hearing.
As stated from day one- my views on this are settlement(in favour of ripple- clarity for XRP) OR ripple winning- either way- I see the case as a WIN-WIN as an investor in XRP, however, this is only my opinion, I am aware that it could go the other way.
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