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Technical Expert Roslyn Layton Seeks to Intervene in SEC and Ripple Lawsuit to Access Hinman’s Speech Document

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On February 16, Roslyn Layton, a technical policy expert, filed a motion for intervention in the lawsuit between the United States Securities and Exchange Comm…

Technical Expert Roslyn Layton Seeks to Intervene in SEC and Ripple Lawsuit to Access Hinman’s Speech Document

On February 16, Roslyn Layton, a technical policy expert, filed a motion for intervention in the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple to obtain the content of Hinman’s speech document.

Technology policy experts filed a motion for intervention in the SEC and Ripple lawsuit

Interpretation of the news:


On February 16, 2021, Roslyn Layton, a technical policy expert, filed a motion for intervention in the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple. The motion seeks to access the content of Hinman’s speech document, which is pertinent to the case. The document was originally delivered by the former SEC Division of Corporation Finance Director, William Hinman, in June 2018, where he stated that he did not consider Bitcoin and Ethereum as securities. This statement is significant, and its interpretation could determine the future of regulating cryptocurrencies.

The case hinges on the nature of the XRP token, which Ripple has been accused of selling as an unregistered security. Ripple claims that XRP is a simple digital asset, and as such, does not fall under the purview of securities law. However, the SEC contends that Ripple sold XRP to finance its operations as a company, making it a security. The lawsuit has created a murky situation, with numerous industry players watching the proceedings closely.

Roslyn Layton’s motion for intervention is interesting, as it presents a fresh perspective on the case. As a technical policy expert, she possesses a unique perspective on the technicalities involved in cryptocurrency regulation. Layton argues that Hinman’s speech document must be made public due to the significance of the statement within it. Furthermore, she contends that it would be beneficial for the public and stakeholders to obtain as much information surrounding the case as possible.

In essence, the motion for intervention advocates for greater transparency in the case. The emerging blockchain industry has been plagued by a lack of clear regulatory structure, leading to confusion around what constitutes a security, commodity, or currency. A clear verdict in the SEC and Ripple lawsuit would set a legal precedent and could have significant implications for the blockchain industry.

In conclusion, Roslyn Layton’s motion for intervention in the SEC and Ripple lawsuit marks an important development in the ongoing case. The motion advocates for greater transparency surrounding the case, which could help shed more light on the regulatory structure surrounding cryptocurrencies. However, it remains to be seen whether the court will grant the motion for intervention and make the Hinman’s speech document public.

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