Was This Really Hinman or Is It a Bad Dream? SEC Still Unsure
Market News
- Hinman advised Ripple to suspend XRP sales.
- Bill Hinman is a former Director of the SEC’s Corporate Finance Division.
- The SEC has failed to settle several cases that appear to be undisputed.
The former Director of the US Securities and Exchange Commission (SEC) Corporate Finance Division, William Hinman, claimed that since Ripple considered XRP to be unregistered security, it needed to cease offering it. The SEC in the United States is unable to confirm nor deny if a video showing Bill Hinman is legitimate.
The SEC will neither confirm nor deny that this is Bill Hinman. I hope this is all just a bad bad dream. Is this really the Securities and Exchange Commission of the United States of America? Is this what the SEC needs 2.5 billion dollars budget for? @RepTomEmmer pic.twitter.com/AfVTwBOIoU
— stefan huber.justice (@Leerzeit) May 19, 2022
In a tweet shared by user stefan huber.justice, they said that “the SEC will neither confirm nor deny that this is Bill Hinman. I hope this is all just a bad dream.” They further questioned the SEC, asking in rhetoric.
Is this really the Securities and Exchange Commission of the United States of America? Is this why the SEC needs [a] $2.5 billion dollars budget for?
According to reports, the video, part of Ripple’s court case against the SEC, has Hinman speaking at an event. In the video, he claims that XRP is not a security. The SEC has asked for more time to investigate this matter, which means that we may not have a resolution anytime soon. This is yet another development in the Ripple case that just keeps getting more and more complicated.
The SEC is unsure if the video of Bill Hinman in the Ripple case is genuinely Bill Hinman. This could be a significant blow to Ripple if it is confirmed that the footage shows Hinman. This is because Hinman is seen as an expert in the field, and his opinion would hold a lot of weight if Hinman is found to have been misinformed or if the video is not of him, it could damage Ripple’s case against the SEC.
