The next 24 hours are extremely critical for the entire crypto industry for several reasons. Besides the macroeconomic events this week, they also have the potential to massively influence prices on the crypto market.
Today, Tuesday, June 13th, the US Securities and Exchange Commission (SEC) will take the center stage no less than four times. But perhaps the event with the greatest potential impact is the alleged unsealing of the SEC’s internal Hinman documents in the Ripple case.
The Hinman documents could shed light on Ethereum’s (ETH) previous classification as a non-security, which is now being challenged by SEC Chairman Gary Gensler. Right at the beginning of the legal dispute with Ripple, the SEC had already requested the Hinman documents to be declared invalid.
In June 2018, the then director of the SEC’s financial division, William Hinman, had declared in a speech that the cryptocurrency Ethereum was not to be considered a security. For Ripple, these documents are therefo
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