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Also Read: Ripple Seek To File For Misconduct Post Hinman Docs Release? advertisement JPMorgan To Bet On Ethereum? According to reports, JPMorgan in a research report suggested that the US SEC executives admitted the fact that tokens on a sufficiently decentralized network cannot be landed under the “Security” category originates a regulatory gap. It added that the speech delivered by then SEC Director Hinman noted that there is an other category. However, the official stated that Ethereum is not a security there is no controlling group but still, there may be a call for regulation to shield purchasers. Nikolaos Panigirtzoglou, a JPMorgan analyst stated that these revelations could suggest that why the authority has not taken action against Ethereum while going after other crypto assets. The report added that the released documents could influence the direction of the current US congressional efforts in order to regulate the crypto industry. Re...

Also Read: Bitcoin , Crypto Under Selloff Pressure As US Treasury Dept Start Issuing T-Bills advertisement There has been much talk about the documents and email conversations by former US SEC Director of Corporation Finance, Bill Hinman. The Hinman speech is touted as controversial as he spoke about the Ethereum transformed from being a security to not a security. The 2018 Hinman speech included his explanation on the decentralized nature of Bitcoin and sufficiently decentralized nature of Ethereum makes both assets not securities. US SEC Website Changes To Bill Hinman Page In a fresh development, Bill Hinman’s webpage on the US SEC website went through massive changes. The 200 word description of Hinman’s roles prior to the SEC position had been entirely removed from the Biography page. A previous version of the same page, as seen on Internet Archive from February 2023, shows that the former SEC director’s biography description is ...