The US Securities and Exchange Commission (SEC) cannot confirm or deny whether a video predominantly featuring Bill Hinman actually features Bill Hinman.

Bill Hinman, also known as William Hinman, is the former director of the SEC’s Division of Corporate Finance, and has become a key factor in the long-running legal dispute between the SEC and Ripple Labs over alleged unregistered securities offerings through of XRP tokens.

Speaking at the 2018 Fintech Week Conference, while serving at the SEC, Hinman stated that the sale of Ether (ETH) did not constitute “securities transactions.”

But it appears the SEC is slow to admit the obvious in hopes of slowing down the case.

According to a May 18 motion to bind Requests for Admission (RFAs) filed by Ripple Labs’ legal team Debevoise & Plimpton, the SEC “failed to respond in accordance with the rules applicable to 53 RFAs on material matters where it did not there is dispute.”

Ripple is seeking to have the court order RFAs to be admitted or for the SEC to provide amended responses. In relation to the Hilman-focused RFAs, the SEC has been unable to confirm a number of instances that essentially appear to be undeniable.

For example, despite the fact that Hinman was fully visible and audible during a recorded interview at a public event, the SEC has refused to confirm or deny whether the recording is authentic or whether the statements made by Hinman were really him.

In particular, the YouTube video referenced by Ripple’s legal team appears to have been uploaded by the interviewer, Chris Brummer, who is a law professor at Georgetown. The account dating from 2016, bears his name, profile picture links to all of his professionally affiliated websites.

Despite this, the SEC claims to be at sea as to the identity of the mystery man.

“Subject to all of the foregoing objections, and after reasonable investigation, the information currently known and available is not sufficient to permit the Commission to grant or deny this request.”

The SEC also rejected a request that it cannot dispute the authenticity of the video and appears to intend not to release any information on the matter.

Late last month, after a request to protect Hinman-related documents was denied, he also filed a motion letter asserting that he had attorney-client privilege regarding internal details about Hinman’s 2018 speech.

Many viewers have argued that Hinman’s comments could be one of the deciding factors that go against the SEC’s argument that the XRP token should be considered a security. It was also recently suggested that Hinman may have had a conflict of interest while working at the SEC, which may also affect the outcome of the case.

Related: SEC Chairman Uses Crypto Enforcement to Justify FY2023 Budget

On May 11, corruption watchdog Empower Oversight claimed to have documents obtained under a freedom of information request that showed Hinman had an undisclosed “direct financial interest” in the law firm Simpson Thacher & Bartlett, which is member of the Enterprise Ethereum Alliance (EEA).

Commentators such as John Deaton, founder of legal news outlet Crypto Law, told his 198,000 Twitter followers that “if Hinman didn’t send the speech to conflict assessment, it’s a game and a match.”





This post SEC Unable to Confirm if Bill Hinman Video Is Actually Bill Hinman in Ripple Case

was published first on https://cointelegraph.com/news/sec-can-t-confirm-if-video-of-bill-hinman-is-actually-bill-hinman-in-ripple-case

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