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Ripple Scores Big Victory Against SEC As Judge Has Authorized Deposition Of William Hinman



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Magistrate Judge Sarah Netburn ordered the removal of Williman Hinman, former director of the Corporate Finance Division of the US Securities and Exchange Commission during a recent hearing.

As Crypto Report reported, the SEC argued that approving Hinman's testimony would set a dangerous precedent that could deter other attorneys from filling public service positions.

However, Netburn notes that this is not a "run-of-the-mill" enforcement case, adding that there is great public interest in its resolution.

She says the deposition is not supposed to affect other departments.

While Hinman's deposition was recently scheduled for July 19, the judge postponed his testimony so the parties can determine its scope in advance.

Hinman will likely be asked to clarify whether his 2018 Ethereum speech is not a security is official or not.

During the hearing, the SEC mentioned that it had not made a decision on Ether's regulatory status at the time. The watchdog insists that Hinman's speech contained his personal comments.


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