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31 July 2021

Judge allows Ripple to depose SEC official who decided ETH is not a security

Judge allows Ripple to depose SEC official who decided ETH is not a security


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In June 2018, Hinman said in a speech that based on his understanding of the Ethereum network and its decentralized structure the “current offers and sales of Ether are not securities transactions.”.

If there is no appeal from the SEC, Ripple can ask Hinman to testify about the reasoning behind his decision on ETH at the time, and then attempt to apply that samrationale to XRP.

The regulator requested the conference to discuss quashing the motion from Ripple to subpoena the Hinman stating at the time that it would set precedence for “a parade of requests for the testimony of high-ranking government officials” and interfere with government operations

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