Pro-XRP lawyer Deaton calls on Gensler to make the SEC's Hinman report public within 10 days

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John Deaton's call and report on the controversial speech of former SEC official William Hinman has become a matter of great concern in the cryptocurrency field, especially for XRP holders in the Ripple case. Here are the main backgrounds of this incident and its potential impact:

Background of William Hinman's 2018 speech

In 2018, William Hinman, former director of the SEC's financial division, said in a public speech that Ethereum (ETH) does not fall into the category of securities, suggesting that Ethereum should not be regulated by securities laws. This statement has attracted widespread attention, especially in the cryptocurrency community, because it provides a form of regulatory pass for Ethereum and other cryptocurrencies.

However, Hinman's speech also raised questions about the SEC's regulatory consistency, conflicts of interest, and potential favoritism. Many people question whether Hinman has a conflict of interest because before joining the SEC, he was a partner at a Silicon Valley law firm (Simpson Thacher & Bartlett), which has business relationships with multiple crypto projects, including companies that support Ethereum. In response, the independent oversight organization Empower Oversight has requested the SEC Office of Inspector General (OIG) to investigate whether Hinman's speech has an improper conflict of interest.

Controversy over the report

The oversight investigation has been completed and the report has been submitted to SEC Chairman Gary Gensler, but it has not been made public. Deaton, as a lawyer representing 75,000 XRP holders in the Ripple case, has strongly urged the SEC to make the report public, believing that it is about transparency and the public's right to know.

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