The newly released Hinman documents relevant to the ongoing legal battle between and the United States Securities and Exchange Commission (SEC) have shed light on internal divisions within the SEC and raised questions about its motives.

The Hinman documents pertain to internal SEC communications regarding a speech delivered by former director William Hinman in 2018. During the speech, Hinman said that Ether (ETH), one of the largest cryptocurrencies, should not be categorized as a security.