Hinman Emails Stir Up Discussion: Galaxy Digital CEO’s Remarks on Bloomberg

The Ripple vs. SEC lawsuit has entered its final stage, drawing significant anticipation from the crypto community for the public release of the Hinman documents. These documents provide detailed insights into internal discussions among the staff of the Securities and Exchange Commission (SEC) and have the potential to sway the lawsuit in favor of Ripple.

They consist of drafts of speeches by William Hinman, the former director of the SEC’s Corporation Finance division. The importance of these documents is underscored by the fact that the SEC had requested to seal them, but Judge Torres denied their motion.

In an intriguing turn of events, Mike Novogratz, the CEO of Galaxy Digital, mentioned Hinman’s emails during a recent Bloomberg interview. This has piqued the interest of the crypto community. 

Novogratz Discusses Hinman’s Emails

Amidst the eager anticipation surrounding the release of the Hinman documents, something intriguing happened during a recent Bloomberg interview with Mike Novogratz, the CEO of Galaxy Digital. In the interview, Novogratz was asked to share his thoughts on the recent crackdown by the SEC on the crypto industry, which involved lawsuits against Coinbase and Binance, as well as the classification of more than 16 crypto assets, including ADA and SOL, as securities.

Novogratz further commented on the SEC’s enforcement actions and raised the crucial point that the content of Hinman’s emails could hold the key to determining the SEC’s authority in regulating cryptocurrencies.

Novogratz commented, “There is some information coming out tomorrow from the speech that one of the SEC Commissioners made that broadly said this is how we look at securities and non-securities,” said Novogratz. “The SEC fought to keep that speech from coming out, but we will see whether the SEC even has the right to regulate digital assets.” 

John Deaton’s Response To Novogratz

Novogratz’s remarks instantly captured the interest of the XRP community, drawing attention from notable figures like Attorney John Deaton, the founder of CryptoLaw and Managing Partner at the Deaton Law Firm. Responding to this development, attorney Deaton expressed that everyone is eagerly focused on the Hinman emails. In a recent tweet, he mentioned that once these emails become public, there is a possibility that Hinman might agree to an interview with Fox Business journalists Charles Gasparino and Eleanor Terrett. 

Deaton claims that from the outset, both journalists have discussed the materials. Deaton stated that if Hinman agrees to speak with Gasparino, he is willing to participate in the “healthy and civil discussion.”