Hinman docs unsealed: SEC concerned over ‘Ether is not a security’ statement
Join Our Telegram channel to stay up to date on breaking news coverage Internal US Security and Exchange Commission (SEC) discussion documents, which were unsealed on June 13, have shed light on contradictions and concerns related to a statement made by Bill Hinman, the former director of SEC’s corporate finance division, regarding the classification of Ether as a security . The documents, which feature edits made to Hinman’s 2018 speech, indicate that the SEC editors were cautious about the potential consequences of the statement, as it could solidify a position that might be challenging to modify down the line. Potential Locking of SEC’s Position In the edited documents, SEC comments express concerns about the risk of being locked into a specific position regarding Ether’s classification. The editors noted: “Even with the caveats in the sentence, it seems that it would be difficult for the agency to take a different position on Ether ...