The court ruled the Securities and Exchange Commission (SEC) to submit an email containing the details of the statement of former Finance Director, William Hinman regarding Ethereum (ETH) currency status to RIPPLE.
The details of Hinman dated 2018 claim that Ethereum is not a securities asset because the network ecosystem has completely decentralized.
It is understood that the description of Hinman is an important confession for the entire crypt industry.
This is because the first 60 million eths have been sold to the public as an effort to raise funds for Ethereum Foundation.
Now, the second largest asset after Bitcoin (BTC) is seen as a commodity in the United States (US) and Commodity Futures Trading Commission (CFTC) described ETH as a crypto-based derivative product.
On the other hand, occurring against the XRP when accused of being unregistered securities with the SEC while a large number of these assets have already been sold and RIPPLE successfully won over $ 1.3 billion.
Hinman's statement is one of the documents that need to be handed over to RIPPLE apart from several SEC's important arguments by SEC crypto experts, Valerie Szczepanik; include some other individual emails discussing Ethereum status.
The supervisor agency initially refused to submit the email on the ground - "Privilege", referring to the SEC no need to expose to the opponent, yet again RIPPLE is their entity.
However, Judge Sarah Netburn rejected the SEC because Hinman's statement was a personal view, not the whole agency's view.
XRP showed a positive movement after a court decision yesterday, rising to $ 0.80 before shrinking to $ 0.76.
When writing, the XRP traded at $ 0.77, but still dropped more than 2% in 24 hours.
