- SEC has deleted Hinman’s biography from its website.
- Some suggest that SEC is preparing to “throw [Hinman] under the bus.”
- Hinman’s emails are crucial to Ripple’s victory in court.
The US Securities and Exchange Commission (SEC) has arbitrarily deleted the bio of William Hinman, often addressed as Bill, from its website.
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At the time of writing, Hinman’s profile only shows that he was the Division of Corporation Finance Director from May 17 to December 2020 — the month when the SEC filed the lawsuit against Ripple.
Many have taken note of the quiet removal of Hinman’s bio, with some suggesting that the SEC is planning to “throw him under the bus.”
For those who know little about Hinman, he was the infamous director who was involved in a series of emails that discussed XRP’s eligibility — or lack thereof — to be classified as a security.
The emails have explicitly shown that Hinman, and others whom he has discussed with, believe that XRP does not tick all the boxes to become a security under the Howey test.
However, the SEC has maintained that the emails do not qualify as evidence that Ripple can use in court. This was overruled by Judge Analisa Torres, who is presiding over the SEC vs Ripple lawsuit. Now, Judge Torres demands the SEC to provide an unredacted copy of all Hinman emails on or before June 13.
Many believe that the controversial emails are crucial to Ripple’s victory. Many Ripple supporters, including crypto lawyer John Deaton, forecast a 3% chance of the SEC winning against Ripple. Deaton is also one of the leading voices in the community who believe that the ruling could come as soon as possible.
Meanwhile, the anticipation of Ripple’s possible victory is causing XRP to surge in price and trading activity. In the last 7 days, XRP is up by 11%, while its 24-hour trading activity has surged to $1.350 billion, which is more than the trading activity of leading altcoins Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE), and Solana (SOL) combined.
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