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The SEC “did not recognize” the ex-employee in the video provided by Ripple

The US Securities and Exchange Commission (SEC) was unable to “confirm or deny” the authenticity of the video with William Hinman, who served as director of corporate finance for the department.

We are talking about Hinman’s speech at the Fintech Week 2018 conference, where he stated that transactions with Ethereum are not “transactions with securities.” Despite the fact that the official can be seen and heard on video, the SEC considered this insufficient to identify him.

The video was uploaded to YouTube in January 2019. The account under which the post was made appears to belong to interviewer Chris Brammer.

“In view of all the above objections and after reasonable investigation, it can be concluded that there is not enough information known and available at the moment for the Commission to confirm or reject this request,” the regulator said.

According to a May 18 petition by Ripple lawyers, the Commission did not respond to a total of 53 RFA on matters that are important to the advancement of the case. The company noted that there are “no real disputes” on these points.

In April 2022, Judge Sarah Netburn denied a related motion to review the confidentiality of documents related to Hinman’s 2018 speech. Then he stated that for various reasons, Bitcoin and Ethereum are not securities.

Recall that in December 2021, the law firm Deaton Law Firm stated that the SEC showed greater loyalty to Ethereum than to the XRP token.

Earlier, the Fox Business channel published a large-scale investigation. The journalists came to the conclusion that the employees of the department behind the filing of the lawsuit could be affiliated with Ethereum.

In August 2021, the non-profit organization Empower Oversight pointed out a possible conflict of interest in the actions of former senior SEC officials.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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