Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => On Youtube => Topic started by: Altcoin Buzz India on May 24, 2023, 01:42:37 PM
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The Hinman speech refers to a speech given by William Hinman, the Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC). Hinman delivered the speech on June 14, 2018, at the Yahoo All Markets Summit: Crypto event.
In the speech, Hinman discussed the SEC's perspective on the application of securities laws to cryptocurrencies, specifically addressing whether a particular digital asset should be classified as a security under U.S. federal law. He provided a framework for evaluating whether a token or cryptocurrency would be considered a security and emphasized the importance of analyzing the facts and circumstances of each case individually.
The Hinman speech had a significant impact on the cryptocurrency industry, particularly on the classification of cryptocurrencies like Ripple's XRP. The SEC filed a lawsuit against Ripple Labs Inc. and its executives in December 2020, alleging that they conducted an unregistered securities offering by selling XRP. The Hinman speech has been cited in this lawsuit as a key reference in determining whether XRP should be considered a security.
However, it's important to note that I cannot provide real-time updates on the status or outcome of the Ripple lawsuit or any recent developments related to Ripple or XRP. I recommend referring to credible news sources or official statements from Ripple or the SEC for the most up-to-date and accurate information on any recent updates or news related to Ripple and XRP.
Rejoice XRP Army! Ripple XRP vs SEC is creating new waves! Hinman speech document is due for release on June 13th. This will be a major boost for XRP. Watch our deep dive that will take you through the entire Riiple saga!
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