Deaton Pressures SEC to Release Hinman Report: A Message to Gensler on Behalf of 75,000 XRP Holders

In the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC), Pro-XRP lawyer John Deaton has made a bold move, urging SEC Chairman Gary Gensler to release the highly anticipated Hinman Report within the next 10 days. Deaton, who represents over 75,000 XRP holders in the case, has taken a firm stance in pushing for transparency, emphasizing that the findings of this report are of significant public interest, especially to those following the Ripple case closely.

A Direct Call to Action

Deaton’s call for the report to be made public comes after a series of delays, which have left many in the crypto community questioning the SEC’s handling of the situation. In a respectful but assertive message to Gensler, Deaton highlighted the importance of the Hinman Report in the ongoing legal battle, where the classification of XRP as a security is at the heart of the dispute. The report, stemming from a 2018 speech by former SEC Director William Hinman, could play a critical role in the outcome of Ripple’s fight against the SEC.

Deaton’s message, which was directly addressed to the SEC Chairman’s Office, urges the SEC to be transparent with the findings that many believe could shed light on the agency’s stance on digital assets and their regulation. The release of the Hinman Report could provide crucial information regarding the SEC’s approach to cryptocurrencies, particularly in relation to XRP.

Why Is the Hinman Report So Important?

The Hinman Report, based on a speech given by former SEC Director William Hinman in 2018, has been a point of contention in the Ripple case. Hinman’s speech suggested that Ethereum (ETH) should not be classified as a security, leading to questions about how the SEC views other cryptocurrencies, including XRP. The document is considered vital in understanding the SEC’s regulatory framework and its potential application to XRP.

Deaton’s call for the report to be released is not only a legal maneuver but a push for fairness and transparency. With so much at stake for the crypto community, particularly for the over 75,000 XRP holders he represents, the delay in making this report public has only added to the frustration. Many believe that the findings could have a significant impact on the Ripple case, potentially altering the trajectory of the legal battle.

A Powerful Message to the SEC

By reaching out directly to Gensler’s office, Deaton is sending a powerful message to the SEC that the public, and specifically those invested in XRP, deserve answers. His call for a 10-day deadline reflects the urgency many feel about the case, with the prolonged uncertainty surrounding XRP’s legal standing affecting not only Ripple but the broader cryptocurrency market.

The delay in releasing the Hinman Report has raised concerns over the SEC’s intentions, and Deaton’s actions are aimed at holding the agency accountable. As the case continues to unfold, the release of this report could be a pivotal moment, potentially shedding light on the SEC’s regulatory approach and offering much-needed clarity to the crypto space.

For now, all eyes are on the SEC and whether it will comply with Deaton’s request, as the legal battle surrounding XRP and its future remains at the forefront of the cryptocurrency world. The next few days could prove to be crucial, and the public’s demand for transparency is louder than ever.