NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Why The Ripple General Counsel Demands Impartiality From SEC Staff

Eli Dambel
Eli Dambel
2 years ago
3 mins read
Ripple (XRP)

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In a recent post, the Chief Legal Officer of Ripple, Stuart Alderoty, stated that legally federal employees must act impartially. As such, the United States Security and Exchange Commission (SEC) especially should comply with rigid rules. Alderoty reaction relates to the Hinman documents and allegations of William Hinman’s favoritism towards Ether.

SEC Counsel Emphasizes On The Law

In the tweet, Stuart Alderoty stated the law requires SEC employees, like all federal employees, to act (and appear to act) impartially. Notably, he cited the basic obligations of public service from (5 CFR 2635.101(b)(14)) covering the general principles and code of conducts for employees.

Related Reading

Bitcoin bull

Bullish Signal: Bitcoin Realized Profit And Loss Fall To October 2020 Levels

1 year ago

The sub-section states that federal employees shall endeavor to avoid any actions creating the appearance that they are violating the law or ethical standards. Alderoty quotes this while referring to the SEC and their perceived evasion tactics in the ongoing lawsuit against Ripple.

Interestingly, the released Hinman documents imply that former Director of the SEC’s Corporation Finance William Hinman refused to heed caution while drafting the speech.

In the documents, Hinman said that Ethereum and Bitcoin were not securities and noted that a token would no longer be grouped as a security if it became sufficiently decentralized. 

However, some crypto community members believe the infamous speech deliberately favors Ether implying that Hinman wasn’t impartial in the speech.

On June 13, Stuart posted;

An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create “greater confusion.”

Ripple To Investigate Who Influenced Hinman

On June 13, Stuart Alderoty gave a brief recap of the Hinman emails on Twitter, stating that he ignored multiple warnings that his speech contained a made-up analysis with no legal basis.

Also, he noted that although Hinman claimed the speech was his personal opinion, the SEC used it for guidance and retained it on their website.

Why The Ripple General Counsel Demands Impartiality From SEC Staff
Ripple trends downward on the chart l XRPUSDT on Tradingview.com

Notably, other top executives at the SEC warned Hinman that the speech would create more market confusion. A warning he refused to heed when he delivered the speech.

A Twitter user Mr. Huber, asked Ripple and its CEO, Brad Garlinghouse if they had plans to address the issue aside from calling for an investigation on Twitter. 

The CEO of Ripple replied in the affirmative to the inquiry but did not reveal how they would execute the planned investigation on Hinman. Meanwhile, ex-SEC director Marc Fagel stated that he believes a ruling on the ongoing case is coming within days. 

He noted that even if he is wrong, there is no basis to think that the delay is due to the complex nature of the case. Finally, he said that the speech did not cause greater confusion as Ripple is substantially different.

featured image from Pixabay and chart from Tradingview.com

Tweet123Share196ShareSend
Eli Dambel
Eli Dambel

Eli Dambel

Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future.

Read more

You can follow Eli on Twitter: @EliDambel

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP RSI Remains Bullish As Support Levels Hold, Price Eyes Break Above $3.6

Despite recent volatility and price swings, XRP has remained firm above critical support levels, with technical indicators suggesting a possible...

Scott Matherson 9 hours ago
Crypto news

Crypto Markets Enter Their Most Crucial Macro Week In 2025 Yet

Crypto markets head into what could be a regime-setting macro week as “this week could reshape everything for the Fed...

Jake Simmons 13 hours ago
Bitcoin

Tighter Premiums Put Crypto Treasuries On Risky Road, According To NYDIG

Wall Street’s appetite for companies holding Bitcoin on their balance sheets is cooling, and investors are starting to show it,...

Christian Encila 15 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Tom Lee Predicts $200K Bitcoin — Peter Schiff Isn’t Buying It

Christian Encila 3 hours ago
ethereum

Ethereum Marches Upward Without Leverage Overheating – Sign Of Structural Health?

Ash Tiwari 5 hours ago
Altcoins

Altcoins Feel The Pinch As Crypto Market Sentiment Sours

Christian Encila 7 hours ago

Premium Sponsors

Press Releases

  • SNEYD

    SNEYD Mining will be the world’s first choice for...

    7 hours ago
  • Best Bitcoin

    Best Bitcoin Mixer Coinomize.is: Complete Privacy Solution...

    8 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    9 hours ago
  • 仮想通貨おすすめ:ビットコイン11万7,000ドル予測と3億ドル空売りリスク

    ...

    11 hours ago
  • ドージコイン 今後の課題:0.25ドル突破に苦戦、新しい仮想通貨に資金が流入する9月

    ドージコイン...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.