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Crypto Milestone: Ripple’s Successful Unveiling of SEC’s Hinman Emails

FX Street | Jun 16, 2023

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In a significant moment for the crypto industry on June 13, Ripple triumphed in its extensive legal tussle with the Securities and Exchange Commission (SEC), achieving the public release of Hinman's emails.

  • Ripple's Victory in Unveiling Hinman Documents:
    • The ongoing SEC lawsuit against Ripple marked a significant milestone as Ripple successfully gained access to the Hinman documents. This event not only strengthened Ripple's defense by highlighting the SEC's lack of clarity on what constitutes a security but also benefited other crypto exchanges facing allegations of selling unregistered securities​1​.

See:  Coinbase Faces Legal Action from US SEC for Alleged Market Rule Violations

  • Binance and Coinbase's Partial Wins:
    • Amid their legal battles with the SEC, both Binance and Coinbase scored partial victories. The presiding judge in the Binance case encouraged the SEC and Binance to negotiate and reach common ground.
    • Meanwhile, Coinbase received a response from the SEC acknowledging that there were no new decisions on crypto rules, highlighting the regulator's inability to provide clarity on crypto asset regulation​​.
    • These developments underscore the evolving relationship between regulatory authorities and the crypto industry, and their impact on the future of crypto regulation is being keenly watched by stakeholders worldwide.

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NCFA Jan 2018 resize - Crypto Milestone: Ripple's Successful Unveiling of SEC's Hinman EmailsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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