{"id":385603,"date":"2025-03-29T12:47:14","date_gmt":"2025-03-29T07:17:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/john-deaton-urges-sec-to-release-hinman-docs-in-crypto-case-will-it-comply-crypto-news\/"},"modified":"2025-03-29T12:51:10","modified_gmt":"2025-03-29T07:21:10","slug":"john-deaton-urges-sec-to-release-hinman-docs-in-crypto-case-will-it-comply-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/john-deaton-urges-sec-to-release-hinman-docs-in-crypto-case-will-it-comply-crypto-news\/","title":{"rendered":"John Deaton Urges SEC to Release Hinman Docs in Crypto Case: Will It Comply? – Crypto News"},"content":{"rendered":"

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In a bold call for transparency, pro-XRP attorney John Deaton urges the US Securities and Exchange Commission (SEC) to provide clarity over Bill Hinman\u2019s controversial speech. Deaton pushes the regulator to release the long-awaited Inspector General (IG) report on Hinman\u2019s \u201cEther Speech.\u201d<\/p>\n

John Deaton Urges SEC To Release Hinman Report<\/h2>\n

In a recent X post, John Deaton urged the US SEC<\/a> to bring transparency to the contentious Hinman speech. The lawyer pushes the regulator to fully disclose past wrongdoings, particularly regarding the SEC\u2019s handling of former Director William Hinman\u2019s 2018 \u201cEther Speech.\u201d<\/p>\n

Significantly, John Deaton believes that the IG report should be made public to shed light on the SEC\u2019s approach to crypto classification. He also believes that such a move could ensure transparency in regulatory actions. He argues that releasing the report is crucial to understanding whether regulatory decisions were made impartially. Thus, Deaton urges new SEC Chair Paul Atkins and key officials like Mark Udeya and Hester Peirce \u201cto support making the report public.\u201d<\/p>\n

John Deaton\u2019s Call for Transparency<\/h2>\n

Previously, in December, John Deaton underscored the necessity of releasing the IG report on the Hinman speech. The XRP lawyer wrote that the facts surrounding Willian Hinman\u2019s 2018 Ether Speech suggest a potential conflict of interest. Reportedly, this violates the federal law 18 USC 208, which prohibits government officials from engaging in conflict-of-interest activities.<\/p>\n

Notably, John Deaton\u2019s latest X post reinforces his previous statements. He emphasizes that the public has a right to know the investigation\u2019s findings, regardless of the outcome.<\/p>\n

In a recent development, Deaton clarified the ambiguities<\/a> surrounding the SEC\u2019s explanations on the roles of XRP, SOL, and other altcoins within the US government. The SEC\u2019s official page has released a document clarifying the altcoins\u2019 roles. However, Deaton asserted that the SEC itself hasn\u2019t been involved in it.<\/p>\n

Will SEC Bring Clarity To Crypto Regulations and Classifications?<\/h2>\n

For context, John Deaton\u2019s statement could be linked back to a controversial speech by William Hinman, the former Director of the SEC\u2019s Division of Corporation Finance. In 2018, Hinman stated that Ethereum\u2019s Ether token was not a security, which became a \u201cfree pass\u201d for the token. Later, Empower Oversight flagged potential conflicts of interest due to William Hinman\u2019s ties to Simpson Thacher & Bartlett.<\/p>\n

The SEC\u2019s recent shift towards a progressive crypto stance has sparked speculation that they may heed Deaton\u2019s call for transparency. Recently, the SEC has officially dropped lawsuits<\/a> against multiple crypto firms, including Kraken, Cumberland, and Consensys.<\/p>\n

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