🚨 Hinman Documents Expose Hypocrisy Within The SEC - Here’s Why

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The long awaited Hinman Documents have finally been revealed. The revelations within these documents carry significant implications for both regulatory environment and all those involved in the market...

The long awaited Hinman Documents have finally been revealed. The revelations within these documents carry significant implications for both regulatory environment and all those involved in the market. In this video, we will discuss the hypocrisy of the SEC and the contradiction within its ranks. This video unravels the truth behind SEC's actions. ●▬▬▬▬▬▬▬Other SEC videos▬▬▬▬▬▬▬● Binance US Deposits suspended: https://youtu.be/apQ6E1qV35o Coinbase VS SEC lawsuit: https://youtu.be/YUv09WjRTbAy ●▬▬▬▬▬▬▬Chapters▬▬▬▬▬▬▬● 0:00 Introduction 0:36 What is the Hinman Documents 1:58 Importance of Hinman Documents 2:56 Hinman ignoring executives advice 4:37 Gary Gensler’s endgame 5:30 Conclusion 🌼 GET $30,000 in rewards on Bybit: https://partner.bybit.com/b/boxyt ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 📲Binance Exchange: http://boxmining.co/binance 📖 Guides, tutorials and insights: https://boxmining.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining clips: https://www.youtube.com/channel/UCjFy3VBgOZanySOLhQu6GaQ Boxmining News Website: https://www.boxmining.com/ Telegram Group: https://t.me/BoxminingFam ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Twitter: https://twitter.com/boxmining Discord: https://discord.gg/9qCpqpZm8G Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬● Boxmining, including its employees, are not affiliated with and do not endorse or sponsor any token sales, initial coin offerings, initial exchange offerings and/or airdrops (the “token sales”) unless clearly disclosed. The contents of these videos are for information purposes only. Boxmining and its employees do not provide investment advice and do not take one’s personal circumstances into consideration when providing information about token sales and cryptocurrency exchanges or platforms. In light of the above, Boxmining and its employees may hold the cryptocurrencies mentioned in the videos. Please note that there are legal requirements in various countries that may restrict token sales, and furthermore, the access to, and products and services provided by any of the cryptocurrency exchanges or platforms mentioned in these videos. Consequently, the contents of this video are not directed at or intended to be accessible by persons in any jurisdiction where the extension of the availability of the materials to which you are seeking access would breach any applicable law or regulation. Decisions to participate in token sales or to buy, sell or hold cryptocurrencies, as well as the access to and use of any cryptocurrency exchange or platform involves risk. You are also responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to any such token sale, or the access to and use of any cryptocurrency exchange or platform. You must use your own judgment or consult a professional for advice on such matters.

AI Analysis

The release of the long-awaited Hinman documents has pulled back the curtain on significant internal contradictions and hypocrisy within the U.S. Securities and Exchange Commission (SEC). These revelations are not only crucial for the ongoing Ripple vs. SEC lawsuit but also carry immense implications for the future of crypto regulation, suggesting the SEC might be struggling to maintain its authority in this evolving industry.

Here's a breakdown of what the Hinman documents reveal and why they matter:

* What are the Hinman Documents?
* These documents are a collection of communications and speeches made by William Hinman, a former director at the SEC.
* They center around his 2018 speech at the Yahoo Finance All-Market Summit, where he discussed the status of certain cryptocurrencies.
* In that speech, Hinman stated that if a network is "sufficiently decentralized" and purchasers don't reasonably expect a person or group to perform essential managerial efforts, then those assets might not be considered an "investment contract" (and thus, not a security).
* Crucially, Hinman explicitly said that "current offers and sales of Ether (ETH) are not securities transactions" based on his understanding of its decentralized network.

* Why are the Hinman Documents so Important?
* They fundamentally expose the SEC's hypocrisy and internal disarray, making it look like the agency has no clear direction.
* Gary Gensler, the current SEC chairman, fought hard to keep these documents sealed, precisely because he knew they were a "dangerous weapon" that could be used against the SEC.
* These documents could severely undermine the SEC's ability to change its stance on ETH in the future, as Hinman's clear public statements are now on record.
* It highlights a massive contradiction between the views of different SEC chairmen and directors, making you wonder if they ever agree on anything before taking legal action. It really comes across like a "shit show" involving Gary Gensler, Jay Clayton, and William Hinman.

* Hinman Ignored Internal Advice:
* The documents reveal that William Hinman was warned multiple times by high-ranking SEC officials, specifically the Office of General Counsel and the Director of Trading Markets, that his 2018 speech would "cause great confusion" and wasn't entirely consistent with the law (particularly the Howey test).
* These officials suggested that Hinman's speech went "beyond the typical Howey analysis" and recommended he tie his factors more closely to the Howey framework.
* It's incredibly puzzling why Hinman insisted on delivering this speech, even internally referring to it as the "Ether speech," despite these serious warnings. It makes you question if there were any external influences or conflicts of interest at play.
* Adding to the confusion, Jay Clayton, the former SEC chairman, actually encouraged the public to read Hinman's speech, even while Gary Gensler later decided to sue Ripple and other crypto exchanges over alleged unregistered securities sales.
The fact that Hinman's speech is still* available on the SEC's website, despite Gensler's current lawsuits, clearly indicates internal disagreement within the SEC regarding crypto regulation.

* Gary Gensler's Endgame:
It's speculated that Gensler isn't necessarily trying to shut down all crypto in the U.S., but rather to shut down crypto companies*.
* The suspected motive is to clear the path for big banks to "swoop in and buy back and take over" the crypto industry.
* Completely shutting down crypto in the U.S. would be catastrophic: it would drive millions of crypto users and billions of dollars offshore, forcing U.S.-based crypto exchanges to move to countries with clearer regulatory guidelines. This would set the U.S. "back to the Stone Age" while other nations flourish.
* Instead, it looks like Gensler is deliberately creating FUD (fear, uncertainty, and doubt) among U.S. crypto investors, hoping they'll withdraw their funds from crypto and redeposit them into traditional big banks.

* Conclusion and Implications:
* The Hinman documents unequivocally expose the SEC's hypocrisy, showing a clear contradiction between Hinman's acknowledgment that Ether is not a security and Gensler's aggressive actions against other crypto exchanges for selling "unregistered securities."
* This situation reveals the SEC's struggle with internal communication and the severe misalignment between the actions and views of its different executives.
* It's sparked crucial debates about the responsibilities of regulators and whether current laws are effective in the rapidly changing crypto sector.
* There's a strong hope that these documents will serve as a critical "wake-up call" for Congress, prompting them to step in, provide much-needed clearer crypto regulations, and potentially determine that the SEC is the wrong agency to oversee digital assets.

Transcript

The long-awaited HIMIN documents are finally revealed. Not only has this document been the center of attention in the Ripple vs. SEC lawsuit, every crypto investor has also been keeping a close eye on the release of this document because this will have a huge impact on the future of crypto. And now that this document turned public, it basically revealed that the SEC is the most hypocritical agency in the US. And this is very important because this also means that the SEC might be out of the gam...

The long-awaited HIMIN documents are finally revealed. Not only has this document been the center of attention in the Ripple vs. SEC lawsuit, every crypto investor has also been keeping a close eye on the release of this document because this will have a huge impact on the future of crypto. And now that this document turned public, it basically revealed that the SEC is the most hypocritical agency in the US. And this is very important because this also means that the SEC might be out of the game in the crypto industry. And in this video, I'm going to tell you why. Let's dive right in. So let's rewind back a little bit. William Hinman was a former director at the SEC, and the HIMIN documents refer to a set of communications and speeches made by William Hinman himself, which includes the status of certain cryptocurrencies. So Hinman made a speech in 2018 during the Yahoo Finance All-Market Summit appearance. Let's hear what he said about crypto in 2018. If the network on which the token or coin is to function is sufficiently decentralized, and the purchasers no longer have a reasonable expectation that a person or a group is going to carry out essential managerial or entrepreneurial efforts, those assets might not represent an investment contract. Moreover, putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network, its decentralized structure, we believe current offers and sales of Ether are not securities transactions. And before we continue, this video is brought to you by Bybit. Bybit is a top cryptocurrency exchange with the most volume in derivatives trading, which is pretty insane if you want to get in on that crypto action. If you want to join the Bybit exchange, sign up with our link down below, and you'll automatically get 20 USDT in your derivatives account. But it's only for the first 100 people. So what are you waiting for? Why? Why? The reason why HEMAN documents are so important for the whole crypto industry in the US is because the HEMAN documents basically revealed hypocrisy of the SEC and shows that the SEC has no idea what they're doing. That's why Gary Ganster was trying his hardest to keep the documents sealed because he knows that the HEMAN documents and speech is a very dangerous weapon that could be used against the SEC. Not only for the case against Ripple, but also for SEC as a whole because HEMAN's speech would make it difficult for the SEC to change their position on ETH in the future. After reading the HEMAN documents this morning, I had so many questions in my head. Like, what is the SEC doing? Why are the views of different chairmen and directors so contradicting and different? And do they ever come to an agreement before making a speech or taking legal actions on crypto exchanges? It's like I'm watching a shit show featuring Gary Gensler, Jay Clayton and William Hinman. So within the documents, it's been revealed that William Hinman has been warned multiple times by the Office of General Counsel and the Director of Trading Markets that his speech would cause great confusion and is not true to the law, which means it doesn't follow the Howey test. Let's take a look at some evidence. So the head of trading and markets suggested that William Hinman's speech appears to include things that go beyond the typical Howey analysis, and they have concerns that this might lead to great confusion on what is the security. And then he went on to saying that please consider tying these factors more closely and explicitly to the Howey analysis. And this is a bit weird to me because why did Hinman insist on giving this speech? In his email, he even called the speech itself the ether speech. Like why did he choose to ignore all the advice he was given? Were there any influences or conflict of interest involved? And not only that, Jay Clayton, who is the former chairman of the SEC, even encouraged people to take a look at Hinman's speech. Here's a clip of him saying that. Bill Hinman recently outlined the approach we take to evaluate whether a digital asset is a security. And I encourage you to take a look at Bill's speech, which is available on our website. And a few years later, Gary Gensler decides to sue Ripple and other crypto exchanges. If the whole of the SEC disagrees with what William Hinman said, why is the speech still up on the SEC website? It just doesn't make any sense that the actions and views of chairmen and directors are not aligned. And this obviously shows that some internal staff from the SEC is actually disagreeing with what Gary Gensler is doing. But what is Gary Gensler's endgame in trying to sue Ripple and other crypto exchanges? Well, he's not necessarily trying to shut down crypto in the US, but he's trying to shut down crypto companies because the big banks can then swoop in and buy back and take over. The reason why I think he's not trying to shut down crypto as a whole in the US is because this will create a much bigger impact than he can handle. If crypto is completely shut down in the US, this would drive millions of towns offshore. All US-based crypto exchanges will move to countries with clearer regulatory guidelines and billions of dollars will move out of the US. The US will basically be pushing themselves back to the Stone Age while every other country are flourishing. What it looks like he's doing is basically creating FUD amongst the US crypto investors so people will withdraw their funds from crypto and possibly put it back to the big banks. All in all, the reveal of the Hinman documents exposes how hypocritical the SEC is. From William Hinman ignoring the advice of other senior officials from the SEC, admitting that Ether is not a security, to now Gary Gensler suing crypto exchanges for selling unregistered securities and being the puppet of big banks. We can see that the SEC is incapable of handling their internal communications and that the actions of different executives are very contradicting. This has caused debates concerning the responsibilities of regulators and the effectiveness of current legislations within the ever-changing crypto sector. Therefore, I really hope that the Hinman documents will give the Congress a wake-up call to step in and provide clearer crypto regulations and to rule that the SEC is the wrong agency to regulate digital assets. That concludes our video for today. Thank you for watching. We have also done two other videos on the SEC lawsuit against Binance and Coinbase, which talks about different mistakes that Gary Gensler has made. Don't forget to subscribe to our channel if you haven't already and don't forget to like, share and comment down below if you have any other questions. And until next time, bye!