{"id":538309,"date":"2023-06-16T22:00:52","date_gmt":"2023-06-16T22:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=538309"},"modified":"2024-06-11T07:58:55","modified_gmt":"2024-06-11T07:58:55","slug":"xrp-allegedly-attacked-by-secs-hinman-for-ethereums-benefit","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-allegedly-attacked-by-secs-hinman-for-ethereums-benefit\/","title":{"rendered":"XRP Allegedly Attacked By SEC&#8217;s Hinman For Ethereum&#8217;s Benefit"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a new twist as top lawyers accuse former SEC Director William Hinman of being paid to attack XRP in favor of Ethereum (ETH).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the release of Hinman&#8217;s emails and drafts of his June 2018 speech, pro-XRP attorney John Deaton <\/span><a href=\"https:\/\/twitter.com\/DigPerspectives\/status\/35697153?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">expressed <\/span><\/a><span style=\"font-weight: 400\">his frustration with the intent of the released documents on a recent live CryptoLaw podcast.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-bullish-momentum-rise-to-27200\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Bullish Momentum Building: Expert Predicts Rise To $27,200<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Payments To Disparage XRP In Favor Of Ethereum?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Jeremy Hogan, lawyer and cryptocurrency expert, also weighed in on the matter alleging that former SEC Director of Corporate Finance, Bill Hinman, was paid to give a speech in which he declared that Ethereum was not a security.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Hogan, Ripple, a leading cryptocurrency company, has suggested that Hinman was paid by the Ethereum Foundation or someone related to Ethereum to give the speech and give Ethereum a free pass.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hogan&#8217;s claims are based on email exchanges between Hinman and his colleagues, which reportedly show that Hinman had already named his first email &#8220;the Ether speech&#8221; before he began crafting the speech.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This, according to Hogan, suggests that &#8220;right from the get-go&#8221;, Hinman is saying that ETH is not a security, and that was the point of him making the speech.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hinman&#8217;s speech, which was delivered in 2018, was seen by many in the cryptocurrency industry as a landmark moment in which the SEC effectively declared that Ethereum was not a security.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This was seen as a significant victory for Ethereum and the wider cryptocurrency industry, as it provided clarity on how the SEC would regulate cryptocurrencies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Hogan has suggested that the speech was not only a free pass for Ethereum but also an attack on XRP, which was at the time Ethereum&#8217;s biggest competition. Hogan&#8217;s claims are based on Ripple&#8217;s ongoing legal battle with the SEC, in which Ripple has argued that XRP is not a security and should not be regulated as such.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/percentage-of-eth-addresses-in-profit-reaches-5-month-low\/\" target=\"_blank\" rel=\"noopener \">Percentage Of ETH Addresses In Profit Reaches 5-Month Low<\/a><\/div>\n<p><span style=\"font-weight: 400\">Hogan&#8217;s allegations are likely to fuel speculation about the relationship between the SEC and the cryptocurrency industry, and the extent to which the SEC&#8217;s decisions are influenced by external factors. However, it is important to note that Hogan&#8217;s claims are based on speculation and have not been proven.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/AtbcaRhD\/\" alt=\"XRP\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">XRP&#8217;s attempt to reach the $0.500 line on the 1-day chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">At present, the value of XRP stands at $0.4731, indicating a marginal recovery of 0.6% over the past day. This comes after a dip to $0.4564 on Wednesday. Despite the recent drop, XRP enthusiasts remain optimistic and are looking forward to a positive outcome that could potentially boost the cryptocurrency&#8217;s price to a new yearly high, surpassing the $0.5833 mark hit in May.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This could position XRP, the sixth largest cryptocurrency on the market, in a favorable position to reach the $1 milestone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from Unsplash, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a new twist as top lawyers accuse former SEC Director William Hinman of being paid to attack XRP in favor of Ethereum (ETH).\u00a0 Following the release of Hinman&#8217;s emails and drafts of his June 2018 speech, pro-XRP attorney John Deaton expressed his frustration with the intent of the released documents on a recent live CryptoLaw podcast.\u00a0 Related Reading: Bitcoin Bullish Momentum Building: Expert Predicts Rise To $27,200 Payments To Disparage XRP In Favor Of Ethereum? Jeremy Hogan, lawyer and cryptocurrency expert, also weighed in on the matter alleging that former SEC Director of Corporate Finance, Bill Hinman, was paid to give a speech in which he declared that Ethereum was not a security.\u00a0 According to Hogan, Ripple, a leading cryptocurrency company, has suggested that Hinman was paid by the Ethereum Foundation or someone related to Ethereum to give the speech and give Ethereum a free pass. Hogan&#8217;s claims are based on email exchanges between Hinman and his colleagues, which reportedly show that Hinman had already named his first email &#8220;the Ether speech&#8221; before he began crafting the speech.\u00a0 This, according to Hogan, suggests that &#8220;right from the get-go&#8221;, Hinman is saying that ETH is not a security, and that was the point of him making the speech. Hinman&#8217;s speech, which was delivered in 2018, was seen by many in the cryptocurrency industry as a landmark moment in which the SEC effectively declared that Ethereum was not a security.\u00a0 This was seen as a significant victory for Ethereum and the wider cryptocurrency industry, as it provided clarity on how the SEC would regulate cryptocurrencies. However, Hogan has suggested that the speech was not only a free pass for Ethereum but also an attack on XRP, which was at the time Ethereum&#8217;s biggest competition. Hogan&#8217;s claims are based on Ripple&#8217;s ongoing legal battle with the SEC, in which Ripple has argued that XRP is not a security and should not be regulated as such. Related Reading: Percentage Of ETH Addresses In Profit Reaches 5-Month Low Hogan&#8217;s allegations are likely to fuel speculation about the relationship between the SEC and the cryptocurrency industry, and the extent to which the SEC&#8217;s decisions are influenced by external factors. However, it is important to note that Hogan&#8217;s claims are based on speculation and have not been proven. At present, the value of XRP stands at $0.4731, indicating a marginal recovery of 0.6% over the past day. This comes after a dip to $0.4564 on Wednesday. Despite the recent drop, XRP enthusiasts remain optimistic and are looking forward to a positive outcome that could potentially boost the cryptocurrency&#8217;s price to a new yearly high, surpassing the $0.5833 mark hit in May.\u00a0 This could position XRP, the sixth largest cryptocurrency on the market, in a favorable position to reach the $1 milestone. Featured image from Unsplash, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":538310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,3680,3690,4531,78763],"class_list":["post-538309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-ripple","tag-ripple-xrp","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Allegedly Attacked By SEC&#039;s Hinman For Ethereum&#039;s Benefit<\/title>\n<meta name=\"description\" content=\"The legal battle between Ripple and the SEC has taken a new twist as pro-XRP lawyers accuse Director Hinman of being paid to attack XRP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. 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