ABSOLUTE, CONCLUSIVE & IRREFUTABLE PROOF!
Bill Hinman intentionally misled the public as Director of Corporation Finance while at the @SECGov.
Watch the 4 min @CNBC clip👇 and then read the brief 🧵 that follows.
Bill Hinman intentionally misled the public as Director of Corporation Finance while at the @SECGov.
Watch the 4 min @CNBC clip👇 and then read the brief 🧵 that follows.
On Dec. 13, 2017, Hinman had a meeting w/ @ethereumJoseph & @ConsenSys and lawyers from Sullivan & Cromwell (Clayton’s law firm);
The next day, Dec. 14, 2017,
@MattCorva of Consensys (w/ lawyers from Sullivan & Cromwell) stated that they were building an alliance with the SEC;
The next day, Dec. 14, 2017,
@MattCorva of Consensys (w/ lawyers from Sullivan & Cromwell) stated that they were building an alliance with the SEC;
Six weeks later, on Jan. 25, 2018, Clayton meets with Chris Dixon and Andreesen & Horowitz of @a16z and instructs him to put together a group w/in the industry and write up a memo. Perkins Coie, a member of the Enterprise Ethereum Alliance, led this group of #Ether investors;
On Mar. 26, 2018, Attorney Lowell Ness of Perkins Coie sent Hinman a Memo and Safe Harbor Proposal. The only Crypto asset mentioned in the Safe Harbor is #ETH;
Two days later, Mar. 28, 2018,
#Ether investors meet secretly w/Hinman asking for a regulatory free pass from the SEC;
Two days later, Mar. 28, 2018,
#Ether investors meet secretly w/Hinman asking for a regulatory free pass from the SEC;
On April 23, 2018,
the SEC meets AGAIN with Lubin & Consensys.
On May 12, 2018, Lubin stated that he was:
“making great strides with regulators.”
On May 24, 2018, Lubin claimed he could issue tokens in ways detailed in Hinman’s speech - which hasn’t been delivered yet!
the SEC meets AGAIN with Lubin & Consensys.
On May 12, 2018, Lubin stated that he was:
“making great strides with regulators.”
On May 24, 2018, Lubin claimed he could issue tokens in ways detailed in Hinman’s speech - which hasn’t been delivered yet!
On June 8, 2018,
Consensys meets w/ the SEC AGAIN. Lubin commented how the market needed the SEC to scare some projects away.
SIX DAYS LATER, on June 14, 2018, Hinman gave his speech and declared that ongoing sales of #Ether were NOT in violation of U.S. securities laws. 🚀
Consensys meets w/ the SEC AGAIN. Lubin commented how the market needed the SEC to scare some projects away.
SIX DAYS LATER, on June 14, 2018, Hinman gave his speech and declared that ongoing sales of #Ether were NOT in violation of U.S. securities laws. 🚀
Incredibly, he then goes on CNBC w/ @BobPisani and says “WE” (at the SEC):
“don’t see a 3rd party promoter when looking at #Ether.”
For that statement to be truthful, he must’ve been blindfolded during all his meetings w/ the co-founder of Ethereum and Founder of Consensys!
“don’t see a 3rd party promoter when looking at #Ether.”
For that statement to be truthful, he must’ve been blindfolded during all his meetings w/ the co-founder of Ethereum and Founder of Consensys!
Hinman signed an affidavit stating the speech was his personal opinion only. B/c of this affidavit along w/ the SEC claiming its never taken a position on #ETH, the Judge ruled an email w/the draft, and any comments, are not protected under the DPP. The SEC’s objecting. Why? 👇👇
https://twitter.com/cryptolawus/status/1484739646475182081
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