Moreover, SEC’s former director could help strengthen Ripple’s fair notice defense. Considering that while serving as SEC’s director of the Finance Division, Hinman thought Ether was a non-security, Ripple could have been led by the same view. Since XRP was operating similar to Bitcoin and Ether, the crypto exchange claims it did not have fair notice that it was operating illegally.
SEC’s former Director William Hinman could face Ripple’s lawyers as early as Monday. Hinman’s testimony could be very significant on how the case turns out. As of now, Ripple and SEC have been going at each other for close to a year.
[url]https://mycryptoparadise.com/secs-former-director-hinman-summoned-to-testify-in-ripple-vs-sec-legal-battle/[/url]