June 16 (Cointime) - Ripple Labs and the SEC agree that the Hinman Emails should not dictate current policy. The SEC's past uncertainty regarding the status of ether did not result in formal commission-approved rules or guidance.
The emails offer some insights into the SEC's views on crypto-as-securities, but they do not establish law or precedent. Ripple has been fighting the SEC in court over whether the XRP token is a security, and while the emails may be useful, they do not alter the high-stakes debate over how crypto will be regulated in the US.
All Comments