LWCapM-International

  In a significant development, the release of the Hinman emails today has caused a stir. These emails shed new light on how the Securities and Exchange Commission (SEC) classified Ethereum at the time - as not a security. The implications of this revelation for Ripple, however, remain uncertain. The statements made by Bill Hinman, the former director of the SEC, play a crucial role in public perception. In 2018, Hinman publicly expressed that both Ethereum and Bitcoin should not be classified as securities. Since late 2020, Ripple Labs and its founders have been embroiled in a legal battle as the SEC claims that XRP is a security. Ripple's defense relies on Hinman's speech, arguing that what applies to Ethereum should also apply to XRP. The now publicly accessible emails exchanged by Hinman and his colleagues are of great interest. They clearly indicate that the SEC did not consider Ethereum a security. It is important to note that these emails reflect the state of affairs at ...