Ethereum Praised by Ex-SEC Director: Is Ripple in Trouble?

• William Hinman, former director of the SEC’s Corporation Finance, gave a deposition in relation to the ongoing lawsuit between Ripple and the SEC.
• John Deaton, CryptoLaw founder and attorney, revealed snippets from Hinman’s deposition on Twitter.
• According to emails recently released, it appears that Hinman may have misled the court despite being under oath.

William Hinman Gives Deposition in SEC vs. Ripple Case

William Hinman, the former director of the SEC’s Corporation Finance, gave his testimony on July 27th 2021 in relation to Ripple’s ongoing lawsuit against the SEC. CryptoLaw founder and attorney John Deaton revealed snippets from Hinman’s deposition transcript on Twitter.

Hinman Praises Ethereum

Deaton’s tweet series began with a moment from the deposition that reportedly made Ripple’s General Counsel Stuart Alderoty „spit out his coffee.“ The highlight of this tweet was Hinman’s remark about Ethereum being „fairly transparent,“ a statement that evidently struck a chord with Alderoty. He was quoted as saying, “You know, with respect to Ethereum one of the things that were somewhat compelling was [the fact that] it was fairly transparent.“

Did Hinman Mislead During His Deposition?

John Deaton has been actively sharing excerpts from Hinman’s deposition on his Twitter handle sparking discussions and debates among crypto community members. In one segment of the transcript, Hinman was asked by Ripple’s attorneys if he discussed the substance of his June 14th 2018 speech with anyone outside of the SEC. His response was simply “No, not on substance.“ However emails recently released seem to contradict this claim as they show that he had scheduled a meeting with Ethereum’s founders prior to giving his speech at Yahoo! Finance All Markets Summit: Crypto event in June 2018.

Community Reacts To Findings

The crypto community is currently debating whether or not these findings mean that William Hinman misled or misdirected during his testimony under oath. Some believe that even though he had met with Ethereum before making his remarks about cryptocurrency assets being securities – he didn’t necessarily have bias when making those statements due to their „transparency“ as well as other factors such as decentralization which would make them exempt from securities regulation laws .

„Ethereum is Fairly Transparent“: Final Thoughts

Regardless of whether or not these revelations mean anything for Ripple’s case against SEC – it has certainly given people an interesting look into how knowledgeable William HInman is about cryptocurrencies like Ethereum ,as well as how easily information can be manipulated when put into context . It will be interesting to see what else comes out during further proceedings in this case .