Ripple Community Calls Out SEC for Lack of Transparency in Hinman Report

The SEC’s recent Hinman report, aimed at addressing concerns about Ripple’s XRP sales classification, has failed to quell legal uncertainty and frustration within the cryptocurrency community. Legal experts are raising questions about the SEC’s ethics and fairness, citing potential conflicts of interest stemming from former agency employee William Hinman’s previous involvement in Ethereum and a narrow investigation scope focused on the XRP case. This latest development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has heightened the anxieties of supporters who are awaiting a definitive resolution.