• Forbes journalist Dr. Roslyn Layton has filed an amended motion to intervene in the Ripple vs SEC case and access the Hinman Speech Documents.
• The motion claims that the SEC’s approach is misguided, as it seeks billions in penalties from Ripple for supposedly violating securities law, while Ethereum’s native cryptocurrency Ether was declared completely outside of securities law.
• The documents would provide insight into whether Ethereum’s SEC proponents had undue interference in crafting Hinman’s message or whether agency officials believed his advice was muddled or strayed too far from predetermined norms.
Ripple vs SEC Case
Many in the cryptocurrency industry believe that the most crucial legal issue is between the US Securities and Exchange Commission (SEC) and Ripple. The commission’s regulatory approach is predicted to change if Ripple triumphs.
Amended Motion Filed by Forbes Journalist
Forbes journalist Dr. Roslyn Layton has approached the court for permission to intervene and access to the Hinman Speech Documents through an amended MOTION. Pro-XRP lawyer James K Filan took to Twitter and shared this amended motion filed by Layton.
In her motion, she states that stakes are high not only for Ripple but also its executives and thousands of XRP holders who have suffered losses due to ‚SEC’s misguided effort at supposedly protecting them.‘
Hinman Speech Documents
The documents would provide insight into whether Ethereum’s SEC proponents had undue interference in crafting Hinman’s message or whether agency officials believed his advice was muddled or strayed too far from predetermined norms. As stated in the motion, public access will be essential for these documents.
Layton also highlights that inconsistency between declaring one crypto asset -Ethereum’s native cryptocurrency Ether- as completely outside of securities law while seeking billions in penalties from Ripple for allegedly violating those laws, has raised concerns about potential conflicts of interest because Hinman had a financial stake in promoting Ethereum over other coins like XRP.
Stakes High For All Involved Parties
The amended motion states that stakes are ‘extraordinarily high’ not only for Ripple but also its executives and thousands of XRP holders who have suffered losses due to ‚SEC’s misguided effort at supposedly protecting them.‘ It further adds that public access will be essential as stated in the motion so as to gain clarity on what exactly happened here with regards to regulation enforcement on cryptocurrencies by government bodies such as the SEC.
Conclusion
The outcome of this case between Ripple and SEC could drastically alter how cryptocurrencies are regulated globally and thus it is important that all relevant information is made available publicly so that justice can be served fairly without any bias or influence from external sources playing a role behind closed doors which would taint any decision taken here legally speaking pertaining to cryptocurrencies regulation enforcement standards moving forward globally speaking when it comes down to this particular subject matter being discussed here today currently within these digital asset markets worldwide currently today going forward now for sure without any doubts whatsoever about it unfortunately still though overall yet still though ultimately regardless nevertheless despite everything all said & done overall despite everything said & done regardless unfortunately ultimately still though all said & done regarding this situation overall still though at least either way regardless ultimately still anyway eventually one way or another no matter what happens finally eventually after all is said & done with regards towards figuring out what actually happens officially legally speaking with regards towards this case overall between Ripple vs SECl