Journalist Seeks Release of Hinman Files in Ripple vs. SEC Case
A journalist has filed a motion in a New York District Court asking for the release of the Hinman files in the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC).
Forbes senior contributor Roslyn Layton, represented by attorney J. Carl Cecere is arguing that the documents containing internal SEC deliberations should be made available to the public.
#XRPCommunity #SECGov v. #Ripple #XRP I’m hearing some people are having difficulty reading, on mobile devices, the Roslyn Layton Motion to Intervene. Here are image files of the motion. pic.twitter.com/3EOXiZaaFz
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 16, 2023
The Hinman files relate to a 2018 speech by former SEC official William Hinman in which he stated that he believed that Bitcoin (BTC) and Ethereum (ETH) are not securities.
The motion filed against SEC’s attempt to keep Hinman files sealed
The SEC has repeatedly attempted to prevent the Hinman documents from being admitted to the case and, even after the judge ordered their release, filed a motion in December to keep some of the contents sealed from the public.
Layton, a regulatory policy columnist, argues against the SEC’s motion to seal, stating that she has no financial stake in Ripple or XRP, the token that the SEC sued Ripple over, alleging that they had violated securities law. She maintains that the First Amendment and federal common law should allow the press and the public to access the documents.
Case to determine the future of cryptocurrency regulation
Layton claims that the case has gained significant public and media attention and that the Hinman files are essential for the public to fully understand the issue.
She argues that the stakes are high, as the outcome of this case could determine the future of cryptocurrencies in the US and serve as a legal referendum on the SEC’s “regulation by enforcement” for the industry. It remains to be seen whether the motion will be granted and if it is, whether the documents will be released in full.
Andrey Kunev
Reporter at CoinsPress
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