Uncovering the SEC’s Internal Emails: The Ripple vs Ethereum Saga

2023-06-13 11:52:00

In the midst of a trial opposing Ripple to the American financial policeman, an email has caught the attention of the crypto community on social networks: signed by William Hinman, the former boss of the US regulator, it is particularly resonating at the moment, when the SEC is pulling burst across the Web3 ecosystem by designating just regarding anything that moves as securities.

Security or no security, a judgment at the head of the customer?

It will now be necessary to reckon with « les mails Hinman ». A disparate set of messages exchanged internally by employees of the SEC, the American financial policeman, these emails dating in part from 2018 are notably signed by the president at the time, William Hinman.

They shed particular light on the evolution of the mentality of the US regulator since then, with the transition to the presidency of the controversial Gary Gensler. And if these emails are of such interest to the community, it is because they were revealed in order to highlight the supposed difference in treatment that would have existed between Ripple and Ethereum, for example.

Email from Mr. Hinman regarding the status of Ethereum

This followingnoon, the networks are buzzing with a particular email, dated 2018, in which Mr. Hinman believed that there was “no need to regulate Ethereum as a financial security”.

As it stands, therefore, the internal discourse within the American agency at the time contrasts with that since adopted by its current president, Mr. Gary Gensler.

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