{"id":407719,"date":"2023-06-15T15:07:43","date_gmt":"2023-06-15T15:07:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=407719"},"modified":"2023-06-15T15:07:58","modified_gmt":"2023-06-15T15:07:58","slug":"lawyer-alleges-that-hinman-received-money-to-attack-xrp-through-his-ether-speech","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/lawyer-alleges-that-hinman-received-money-to-attack-xrp-through-his-ether-speech","title":{"rendered":"Lawyer Alleges That Hinman Received Money To Attack XRP Through His Ether Speech"},"content":{"rendered":"

Pro-XRP lawyer Jeremy Hogan has <\/span>remarked<\/span><\/a> about the recently redacted Hinman speech documents.\u00a0<\/span><\/p>\n

The lawyer said Hinman\u2019s speech was a deliberate attack on XRP, claiming the former SEC director received money to grant an “ETH free pass.”<\/span><\/p>\n

Attorney Hogan’s remark follows several reactions from prominent industry players who commented amid the heated controversy generated by the recently released documents.\u00a0<\/span><\/p>\n

Controversy Around Hinman\u2019s Infamous Speech<\/h2>\n

The Hinman documents relate to internal considerations at the SEC, which led to the former SEC director delivering his infamous “Ether Speech.”\u00a0<\/span>The just-publicly <\/span>released document<\/span><\/a> revealed several efforts by top SEC officials to stop Hinman from giving the speech.<\/span><\/p>\n

However, former US SEC director for corporation finance, William Hinman, bucked all warnings and delivered the speech.\u00a0<\/span>For instance, the SEC’s head of Trading and Markets (T&M) warned Hinman that the said speech would greatly confuse the market.<\/span><\/p>\n

The official also noted that the speech deviated from Howey’s test factors without a law basis. However, despite these pushbacks, Hinman still delivered the speech, declaring Ethereum a non-security.\u00a0<\/span><\/p>\n

Hinman buttressed his points by saying that Ether is not a security because it is \u201csufficiently decentralized.\u201d <\/span>The Hinman document also revealed that William Hinman contacted Ethereum\u2019s co-founder Vitalik Buterin while drafting his speech.\u00a0<\/span><\/p>\n

Following these speculations, many top industry players and crypto enthusiasts queried the motivation behind Hinman\u2019s speech.<\/span><\/p>\n

Hogan’s XRP Remarks and Analysis of Hinman\u2019s Speech<\/h2>\n

Attorney Deaton\u2019s CryptoLaw hosted a live Twitter broadcast yesterday debating the Hinman email documents and the issues surrounding it.<\/span><\/p>\n

During the podcast, former SEC lawyers Marc Fugel, John Deaton, and Jeremy Hogan extensively analyzed the Hinman issues. <\/span>Hogan noted that Ripple had been cautious in discussing what motivated Hinman to give the speech to avoid accusing anyone.\u00a0<\/span><\/p>\n

However, the attorney guessed<\/a> that Ripple\u2019s stance regarding the issue is that Hinman received a bribe from an Ethereum official to give Ether a free pass during the speech. Hogan noted that the emails suggested that Hinman was pushing to give ETH a free pass.\u00a0<\/span><\/p>\n

Hogan said: <\/span>“I speculate that Ripple is saying Bill Hinman was somehow paid, and he was paid by the Ethereum Foundation, or someone related to Ethereum to give the speech, give Ethereum a free pass.\u201d<\/p><\/blockquote>\n

Hogan noted that the emails suggested that Hinman was pushing to give ETH a free pass.\u00a0<\/span><\/p>\n

Attorney Hogan said: <\/span>\u201cWe really see in these emails that right from the get-go, he even named the title of his first email as \u2018the Ether speech.\u2019 Right from the get-go, he is saying that ETH is not a security, and that was the point of him making the speech.\u201d<\/p><\/blockquote>\n

Further down his analysis, Hogan said Hinman formulated specific factors to back his stance on why Ethereum<\/a> is not a security, which included decentralization and the number of tokens a promoter holds.<\/span><\/p>\n

Hogan believes these factors, which have no basis in law, were an attack on XRP and Ripple, Ethereum\u2019s biggest rival at the time.\u00a0<\/span><\/p>\n

He noted that at the time of Hinman\u2019s speech, Ripple<\/a> had great control of XRP Ledger validators, with over half XRP supply (500 million) in existence.<\/span><\/p>\n

\n <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pro-XRP lawyer Jeremy Hogan has remarked about the recently redacted Hinman speech documents.\u00a0 The lawyer said Hinman\u2019s speech was a deliberate attack on XRP, claiming […]<\/a><\/div>","protected":false},"author":1916,"featured_media":407745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[14457,14458,7591],"class_list":["post-407719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-ether-speech","tag-hinman","tag-xrp"],"acf":[],"yoast_head":"\nLawyer Alleges That Hinman Received Money To Attack XRP Through His Ether Speech - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Hogan believes these factors, which have no basis in law, were an attack on XRP and Ripple, Ethereum\u2019s biggest rival at the time.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lawyer Alleges That Hinman Received Money To Attack XRP Through His Ether Speech\" \/>\n<meta property=\"og:description\" content=\"Hogan believes these factors, which have no basis in law, were an attack on XRP and Ripple, Ethereum\u2019s biggest rival at the time.\u00a0\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T15:07:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T15:07:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Ripple-Bulls-Attempt-to-Push-XRP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Asad Gillani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asad Gillani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719\"},\"author\":{\"name\":\"Asad Gillani\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/49993983b56f9db439a2d4cffedd001d\"},\"headline\":\"Lawyer Alleges That Hinman Received Money To Attack XRP Through His Ether Speech\",\"datePublished\":\"2023-06-15T15:07:43+00:00\",\"dateModified\":\"2023-06-15T15:07:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719\"},\"wordCount\":543,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Ripple-Bulls-Attempt-to-Push-XRP.jpg\",\"keywords\":[\"Ether Speech\",\"Hinman\",\"XRP\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/407719\",\"name\":\"Lawyer Alleges That Hinman Received Money To Attack XRP Through His Ether Speech - 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