• Dr. Roslyn Layton, Forbes journalist, is receiving support for her motion to intervene in the lawsuit between Ripple Labs and the Securities Exchange Commission (SEC) related to the Hinman speech documents.
• The nonprofit organization Empower Oversight Whistleblowers & Research (EMPOWR) has expressed its support for the motion in order to improve independent oversight of government and corporate misconduct.
• The case will serve as a legal referendum on the SEC’s entire system of “regulatory arbitrage” in cryptocurrency enforcement.
Dr. Roslyn Layton’s Motion
Forbes journalist Dr. Roslyn Layton is receiving support for her motion to intervene in the lawsuit between Ripple Labs and the Securities Exchange Commission (SEC) seeking public access to the Hinman speech documents.
Support From EMPOWR
Empower Oversight Whistleblowers & Research (EMPOWR) has expressed its support for the motion. EMPOWR is a nonprofit, nonpartisan organization that works to improve independent oversight of government and corporate misconduct. Its mission is to help insiders document and report corruption to the appropriate authorities.
Importance Of The Hinman Docs In The Ripple Case
Via Twitter, the government watchdog wrote that founder and president Jason Foster’s organization supports the motion to unseal the Hinman documents related to SEC conflicts of interest in cryptocurrencies. In a press release, Foster stated that the public deserves answers from the SEC about what exactly the agency knew about Hinman’s speech and when it knew it: The SEC has consistently stonewalled any attempts from public interest transparency organizations, including Empower Oversight, to shine a light on conflicts of interest and ethical questions at the agency.
Previous Requests By EMPOWR
The statement goes on to say that EMPOWR has been ignored by U.S agency since August 2021 when they made a request which is still subject of an ongoing Freedom of Information Act (FOIA) lawsuit against SEC. Last October, Empower Oversight filed its opposition to SEC’s motion for summary judgment in FOIA lawsuit over documents related ethical questions at cryptocurrency cases while in December they also filed records request with list of names seeking full records communications with them from SEC .
Thus, EMPOWR’s interest aligns with intent of Dr Layton who argues that case againstSEC will decide future cryptocurrencies United States asit serves legal referendum on regulator’s entire system “regulatory arbitrage” cryptocurrency enforcement .