The Hinman documents were released ($XRP$)

Legal battles remind me a lot of piñatas. Every time they crack open, a whole bunch of juicy candy comes out.

This time, it's the Ripple v SEC piñata that’s been cracked wide open.

The candy that came out? The Hinman documents.

William Hinman is the former director of SEC. Back in 2018, he made a famous speech where he suggested that cryptocurrencies like BTC and ETH were not securities.

Now internal documents for that 2018 speech have been released.

Here’s the 1 big takeaway: Even though the SEC has denied its involvement in the speech and argued that Hinman was expressing his thoughts and his thoughts alone…

The Hinman documents tell a different story. They show that many SEC officials weighed in on the speech and believed the goal was to provide market guidance.

It discredits the SEC and shows they have no idea what they’re doing when it comes to regulating crypto. One day, certain cryptocurrencies are securities. Other days, they’re not.