- Hinman advised Ripple to suspend XRP sales.
- Bill Hinman is a former Director of the SEC’s Corporate Finance Division.
- The SEC has failed to settle several cases that appear to be undisputed.
The former Director of the US Securities and Exchange Commission (SEC) Corporate Finance Division, William Hinman, claimed that since Ripple considered XRP to be unregistered security, it needed to cease offering it. The SEC in the United States is unable to confirm nor deny if a video showing Bill Hinman is legitimate.
The SEC will neither confirm nor deny that this is Bill Hinman. I hope this is all just a bad bad dream. Is this really the Securities and Exchange Commission of the United States of America? Is this what the SEC needs 2.5 billion dollars budget for? @RepTomEmmer pic.twitter.com/AfVTwBOI ...