Ripple CEO Assures That Hinman Docs are Worth the Wait

Ripple CEO Brad Garlinghouse assures the crypto community that the Hinman documents set to go public today are well worth the wait.

Brad Garlinghouse, the CEO of Ripple, continues to emphasize the importance of the documents relating to the speech given by former SEC Director William Hinman in 2018. In a recent statement, Garlinghouse assured the public that the documents are worth the wait. This remark came up less than 24 hours before the set date for their public release.

Garlinghouse said this while responding to an inquiry from Jungle Inc, a crypto YouTuber and XRP community member. Jungle Inc, driven by sheer curiosity, requested comments from the Ripple CEO regarding the release of the documents.

Garlinghouse confirmed that he is willing to speak more on the documents but would want to stay within bounds. Despite the lack of details, he assured Jungle Inc. that he and Stuart Alderoty, Ripple’s CLO, believe the documents were worth the 18 months they fought to retrieve them.

“Wish I could go in depth now, but we’ve waited this long (18+ months), I don’t want to overstep… suffice it to say Stuart Alderoty and I believe they were well worth the wait,” Garlinghouse disclosed.

Wish I could go in depth now, but we've waited this long (18+ months), I don't want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait.

— Brad Garlinghouse (@bgarlinghouse) June 12, 2023

Moments later, prominent XRP community influencer Digital Perspectives called public attention to the disclosure, highlighting its significance.

Recall that last month, Judge Analisa Torres denied the SEC’s motion to keep the Hinman documents sealed. Following the ruling, Garlinghouse disclosed that the lawyers are working to release the documents. 

However, at the request of both parties, the court scheduled June 13 as the date for the documents’ release. The public now eagerly awaits the content of the highly-contested material.

Ripple Stresses the Significance of the Hinman Docs

Garlinghouse and Alderoty have stressed the significance of the documents, further compounding the public’s curiosity. Earlier this year, Garlinghouse disclosed that people would be “stunned” at the SEC’s behavior when the documents reach the public. 

As highlighted by The Crypto Basic, last October, Alderoty also emphasized how important it was to get the documents. The Ripple CLO confirmed that Ripple had to fight for over 18 months to retrieve them, and they were worth the fight. 

Notably, pro-XRP lawyer John Deaton recently disclosed that the documents would not change the Howey analysis. However, he mentioned that they would expose the problems of applying ancient precedents to modern-day technology. Deaton also stated that the documents would help Ripple and Coinbase win the favor of the public.

In addition, the pro-XRP attorney emphasized that the Hinamn docs might trigger bipartisan efforts from Congress to facilitate regulatory clarity. Notably, US Representative Warren Davidson recently filed a bill to restructure the SEC and remove Chairperson Gary Gensler.