tldr; The US Securities and Exchange Commission (SEC) has lost its bid to have a key piece of evidence in its case against Ripple Labs, which it claims is a security, thrown out of court. The case hinges on a speech made by William Hinman, the former director over the SEC’s Division of Corporation Finance, in which he clearly stated that Bitcoin and Ethereum were not securities. Ripple's lawyers have been adamant that the speech is critical evidence that could shatter the case against them.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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