Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
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Crypto Milestone: Ripple’s Successful Unveiling of SEC’s Hinman Emails
FX Street | Jun 16, 2023
Image: Pexels/Worldspectrum
In a significant moment for the crypto industry on June 13, Ripple triumphed in its extensive legal tussle with the Securities and Exchange Commission (SEC), achieving the public release of Hinman's emails.
- Ripple's Victory in Unveiling Hinman Documents:
- The ongoing SEC lawsuit against Ripple marked a significant milestone as Ripple successfully gained access to the Hinman documents. This event not only strengthened Ripple's defense by highlighting the SEC's lack of clarity on what constitutes a security but also benefited other crypto exchanges facing allegations of selling unregistered securities1.
See: Coinbase Faces Legal Action from US SEC for Alleged Market Rule Violations
- Binance and Coinbase's Partial Wins:
- Amid their legal battles with the SEC, both Binance and Coinbase scored partial victories. The presiding judge in the Binance case encouraged the SEC and Binance to negotiate and reach common ground.
- Meanwhile, Coinbase received a response from the SEC acknowledging that there were no new decisions on crypto rules, highlighting the regulator's inability to provide clarity on crypto asset regulation.
- These developments underscore the evolving relationship between regulatory authorities and the crypto industry, and their impact on the future of crypto regulation is being keenly watched by stakeholders worldwide.
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