Hinman docs unsealed: SEC concerned over ‘Ether is not a security’ statement
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Newly released
The unsealing of the documents comes amid an extremely turbulent time for the crypto industry. June 13 also sees the federal court hear the SEC’s motion to freeze the assets of Binance.US, following on from a spate of legal action against the exchange.
The SEC first took legal action against Ripple in December 2020, alleging that the sale of its native XRP (XRP) token represented an unregistered securities offering. Since then, Ripple has denied XRP is a security, arguing it does not satisfy the Howey test.
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