Ex-SEC Official William Hinman Joins Trump’s Crypto Team in Shocking Move

Just when you thought crypto and politics couldn’t get any more unpredictable, former SEC official william hinman william hinman william hinman FinanceLegal is back in the spotlight. Known for his role in shaping crypto regulations – and stirring controversy along the way – he’s now making an unexpected move. Reports suggest he’s aligning with Donald Trump’s crypto advisory board, despite his past political leanings and regulatory stance.

Why the sudden shift? Hinman, who famously declared Bitcoin and Ethereum as non-securities in 2018 while leaving other crypto projects in limbo, has long been a divisive figure in the industry. His latest move has industry insiders buzzing.

A Controversial History in Crypto Regulation

During his time at the SEC, Hinman played a key role in shaping crypto regulations. However, his tenure wasn’t without controversy. Many in the industry accused him of favoring Ethereum due to his financial ties to Simpson Thacher, a law firm connected to the Ethereum Enterprise Alliance. While Ethereum received regulatory clarity, other cryptocurrencies remained in a gray area. Now, with his apparent shift toward the pro-crypto movement, questions are swirling about his true motives.

Hinman’s Political Donations Tell a Different Story

Political activist and journalist Laura Loomer has pointed out a contradiction in Hinman’s political stance. While he worked at the SEC under the Trump administration, he financially supported Trump’s opponents. Records show he donated large sums to Joe Biden’s 2020 campaign and Hillary Clinton’s 2016 campaign, including contributions to Clinton’s PAC, the Hillary Victory Fund.

This makes his current alignment with Trump’s pro-crypto team even more surprising.

A Play for Influence?

One of the key moments fueling speculation was Hinman’s attendance at the Crypto Ball, an exclusive event celebrating Trump’s new pro-crypto stance. Given that Hinman had previously supported figures who opposed Trump, his sudden presence in these circles has led to speculation that he may be attempting to rebrand himself as an ally to the industry. 

Moreover, Hinman’s connections to Silicon Valley, including his advisory role at venture capital giant Andreessen Horowitz, add another layer of intrigue. With the Trump administration’s increasing focus on blockchain innovation, industry leaders are jockeying for influence, and Hinman appears to be doing the same. While his regulatory expertise is valuable, some question whether his intentions are aligned with the industry’s best interests or if this is simply a strategic career move.

• Also Read :
•   CFTC and SEC Consider Joint Strategy for U.S. Crypto Regulations
• ,

The Crypto Community Remains Divided

Hinman’s sudden change of allegiance has split the crypto community. Some believe his insider knowledge could help shape favorable policies, while others see him as an opportunist looking to stay relevant. Given his controversial past, trust won’t come easily.

Reputation is the one currency that’s hardest to earn back.