Deaton discusses the growing popularity of Hinman’s documents.
In a recent tweet, pro-XRP attorney Deaton noted that Hinman’s document emails appear to have “taken on a life of their own.” Deaton’s comment suggests the documents are gaining popularity without relying on other aspects of the SEC-Ripple survivability litigation.
Despite the popularity of Hinman’s emails, Deaton says many people confuse the documents with the emails released by state surveillance group Empower Oversight last year.
“These emails seem to have taken on a life of their own. Some people are confusing these internal SEC emails with the emails @EMPOWR_us is looking for,” Deaton said.
Difference between Hinman’s emails and SEC internal emails
For the sake of clarity, Hinman’s emails relate to internal deliberations at the SEC related to a 2018 speech on cryptocurrencies by William Hinman, former director of the SEC’s Corporation Finance division.
During his speech, Hinman declared cryptocurrencies like Bitcoin and Ethereum non-securities while ignoring other top assets like XRP.
In contrast, the internal SEC emails released by Empower Oversight last year included internal communications between past and current commission officials.
Notably, the SEC emails released by Empower Oversight brought their own controversies, notably fueling an alleged conflict of interest between Hinman and an Ethereum-affiliated company, Simpson Thacher & Bartlett.
While Empower Oversight released more than 200 internal SEC emails over the past year, Hinman’s emails are still sealed.
Deaton shares details on Hinman’s documents
As reported by The Crypto Basic, the document, which consists of 63 emails and 52 individual drafts, is expected to be published on June 13, 2023.
In July 2022, Deaton announced the names of SEC officials involved in drafting Hinman’s controversial speech.
The officials include David Fredrickson, chief adviser to the SEC’s corporate finance division, Valerie Szczepanik, deputy director of the SEC’s enforcement cyber unit, Amy Starr, chief of the SEC’s capital markets trends division at Corporation Finance, etc. Meanwhile, Deaton stressed that only the non-Hinman ethics office is email chain list.
Hinman’s emails continued to be crucial to the ongoing SEC vs. Ripple litigation. In a few weeks, the public might be reading Hinman’s emails as the document is expected to be released on June 13.
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