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JPMorgan: Hinman Documents Could Boost Ethereum and Improve Decentralization
Leading American financial services company JPMorgan has highlighted the significant impact of the release of the Hinman documents on Ethereum in an ongoing court case between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple Labs.
According to reports, Hinman’s documents, which include emails tied to former SEC Director William Hinman’s 2018 speech regarding Ethereum (ETH) regulatory status, can potentially boost the second-largest crypto asset and ignite a movement towards greater decentralization in the space.
In the speech, the former SEC director of the Division of Corporation Finance unit said ether is not considered a security in the eyes of the financial regulator. This contrasts the SEC’s position on XRP, which it has classified as a security.
The SEC’s lawsuit against Ripple alleges that the company sold XRP as an unregistered security. Last w
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