Former SEC Counsel Nancy Wotjas Reveals Hinman Speech Lifted from ETH Document

Nancy Wotjas of Cooley LLP, former counsel to the SEC Chair, reveals she participated in the March 2018 meeting organized by Andreessen Horowitz, where a proposal written by the law firm of Perkins Coie, a core member of the Enterprise Ethereum Alliance, was submitted asking for a free pass for ether. She adds that “most of” Hinman’s June 2018 speech was lifted from that proposal and “meetings that we had.”

Wotjas adds that the SEC later told her it disagrees with Hinman’s speech that tokens are mutable and can change. She also suggests entrepreneurs should fight the SEC, which is “determined to make their life hell.” She warns that ‘if we want to lose blockchain to the Russians… continue on this course,” and says the SEC is “creating regulation by enforcement.”

Source: @digitalassetbuy