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HomeCrypto NewsMarketNew Docs Detail Ethereum Co-founder Role in Drafting Hinman Speech

New Docs Detail Ethereum Co-founder Role in Drafting Hinman Speech


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Empower Oversight has released new emails showing the role played by Ethereum co-founder Joseph Lubin while drafting Hinman’s speech.

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XRP enthusiasts have been reacting to the latest release of SEC emails by watchdog group Empower Oversight.

Empower Oversight Releases New SEC Emails

In a tweet yesterday, Empower Oversight disclosed that the SEC has turned over 324 new pages of documents in response to its crypto conflicts FOIA requests.

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Notably, the SEC’s latest batch of documents comes after Empower Oversight filed a lawsuit against the regulatory agency in May.

Hinman’s Speech Saga

The recently-released docs show that Ethereum co-founder Joseph Lubin played a more central role during former SEC director William Hinman’s controversial speech about crypto.

Recall that Hinman gave the speech on June 14, 2018, declaring ETH and Bitcoin as non-securities. Several details have emerged regarding the speech following the release of Hinman docs, and internal deliberations at the SEC leading to the drafting of the speech.

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The docs released by Ripple showed that Hinman ignored the warnings of top SEC officials regarding the speech. They also revealed that Hinman initially named the remark “The Hinman Speech.”

Furthermore, the former SEC director also met with Ethereum co-founder Vitalik Buterin a week before he gave the remark.

Many speculated that Buterin may have convinced Hinman to declare ETH a non-security, but no one seemed to know how their relationship started.

Lubin’s Role in Hinman’s Controversial Speech

According to Empower Oversight, Lubin was instrumental in connecting Buterin with Hinman while the June 14 speech was drafted.


Interestingly, the emails released by Empower Oversight show that Lubin initiated contact with the SEC. In one of the emails dated November 27, 2017, Lubin reached out to Barnett Gary, the then deputy director of SEC’s Trading and Markets, for a meeting with the regulatory agency. 

Gary later introduced Lubin to Hinman, who seemed excited to meet with the Ethereum co-founder. 

“Happy to participate in a meeting on this topic,” Hinman said in response to Gary’s previous email.  

XRP Enthusiasts React 

Meanwhile, the development has stirred reactions among XRP enthusiasts. In a tweet yesterday, Crypto-Law.US noted that the recently-released emails highlight how Lubin drove Hinman’s thinking into naming his speech “The Ether Speech.”


In response, Attorney John Deaton, Crypto-Law.US founder, recounted how Hinman lied under oath during his deposition in the Ripple lawsuit. Recall that Hinman said he never communicated with anyone outside the SEC about the content of the June 14 speech. However, the Hinman doc showed that he met with Buterin a week before his speech on cryptocurrencies.


Furthermore, popular XRP influencer and YouTuber Digital Asset Investor also reacted to the recently-released SEC emails. 

Digital Asset Investor recalled how Hinman claimed the SEC did not see a third-party promoter with Ethereum. Reacting, the XRP influencer described Lubin as the third-party promoter who tried to set up a meeting with the SEC.


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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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