SEC just completly changed their arguement on a key speech from it being a “personal opinion” to “official approach on regulating digital assets”.

Cryptocurrency News and Public Mining Pools

SEC just completly changed their arguement on a key speech from it being a “personal opinion” to “official approach on regulating digital assets”.

Just this week the judge ordered the SEC to present their documents from a key 2018 speech from Hinman (former SEC director). That's was the key speech where the SEC accused Ripple of not accepting that they were a security. Well in the same speech Hinman said that ETH was not a security.

Since then, everytime this speech was brought up in court the SEC argued that it was just his own opinion in the speech to say that Etherum was not a security. Already stupid arguement but now they backed up on that in the recent court filling and are saying that it indeed was their approach on regulating digital assets not a personal opinion.

I mean if the SEC completly changes their argument from "personal opinion" to indeed a regulation, then it's sure to say that they do not know it themselves so how was XRP supposed to know?

submitted by /u/partymsl
[link] [comments]