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SEC Expresses Concern Over 'Ether is Not a Security' Statement in Unsealed Hinman Documents

SEC Expresses Concern Over ‘Ether is Not a Security’ Statement in Unsealed Hinman Documents

Newly released SEC internal discussion documents reveal that former director of the SEC’s corporate finance division, Bill Hinman, risked contradicting himself over the statement that Ether isn’t a security. The documents show that the editors were concerned that Hinman’s statement might undermine the idea that Ether is a security, which could lock the agency into a position it would find hard to change at a later date. The unsealing of the documents comes amid an extremely turbulent time for the crypto industry, with the federal court hearing the SEC’s motion to freeze the assets of Binance.US.

– Newly released SEC internal discussion documents reveal that former director of the SEC’s corporate finance division, Bill Hinman, risked contradicting himself over the statement that Ether isn’t a security.

– The editors were concerned that Hinman’s statement might undermine the idea that Ether is a security, which could lock the agency into a position it would find hard to change at a later date.

– The unsealing of the documents comes amid an extremely turbulent time for the crypto industry, with the federal court hearing the SEC’s motion to freeze the assets of Binance.US.

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