JP Morgan analysts believe Hinman documents will spur altcoins to mimic Ethereum

Wall Street giant JP Morgan Chase & Co.’s analysts believe the release of the Hinman documents will push altcoins to try and become as decentralized as Ethereum (ETH) to avoid regulatory hurdles, according to a research report seen by CoinDesk.

The Hinman documents were released by Ripple on June 12 as part of its defense against the SEC lawsuit. They shed some light on why the regulator may have designated some cryptocurrencies as securities in its complaint against Coinbase and Binance.US but left others — like Ethereum — out of the list.