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The SEC's Sustained Decentralized Approach to Cryptocurrencies
XRP sued the SEC demanding unredacted access to a speech given by Bill Hinman at the SEC in 2018. There's been a lot of anticipation around these emails because the belief is that maybe there's a smoking gun in here about what the SEC really thought in 2018, especially with respect to its enforcement strategy toward different digital asset issuers. Nowhere does the term sufficiently decentralized appear? It's just purely a question of how we test these prongs, investment contract, blah,blah, blah. And perhaps there was even internal disagreement about what the rules were and how they were going to be applied to digital assets.