The legal battle between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple may soon take a significant turn, as the company’s CEO Brad Garlinghouse has disclosed that the long-expected Hinman documents are “worth the wait.”
In a Monday tweet and response to a question by crypto YouTuber Jungle Inc, the chief executive expressed his desire to talk in-depth about the documents but chose not to overstep, as the community had waited for so long to get to this point.
Worth the Wait
The Hinman documents, scheduled to be released on June 13, refer to internal SEC messages related to a 2018 speech by former Director William Hinman, which classified Ether (ETH) as a commodity. The former SEC official explained that while Bitcoin (BTC) and ETH started as securities, they can become commodities once they become sufficiently decentralized.
Ripple insists that its native token, XRP, was sold in the same manner as ETH when founded, and since the latter was n
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