John Deaton gives SEC 10 days to release the Hinman report. This urged transparency on XRP and Ripple’s legal drama.
John Deaton, the lawyer repping XRP holders, just dropped a huge ultimatum on the SEC. In a recent live video, he told SEC Chairman Gary Gensler to release the controversial Hinman report within 10 days. Why the rush? The report includes the infamous 2018 speech from former SEC official William Hinman, where he said Ethereum wasn’t a security. This speech is a big deal for XRP holders, and Deaton believes releasing the report would clear up some major questions and help both sides move forward.
Deaton’s call for transparency isn’t coming out of nowhere. Empower Oversight, a watchdog group, has been pushing for an investigation into possible conflicts of interest tied to Hinman’s speech. The investigation wrapped up, and the results were sent to Gensler—but the public still hasn’t seen them. Deaton’s frustrated with the delay, saying the report is key to understanding the SEC’s stance on Ripple and the broader crypto market.
He’s not just asking the SEC to release the info—he’s urging XRP holders to apply pressure by contacting the SEC. Deaton believes public pressure could push the government to act and finally shed light on the Hinman report. This could really have a major impact on the Ripple case.
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