Ripple Demands Transparency: Dr. Layton Seeks Public Access to Hinman Speech Docs
• Dr. Roslyn Layton, a regulatory policy scholar, has filed an amended motion to intervene in the Ripple vs. SEC lawsuit in order to access internal SEC documents related to a speech former SEC Director of Corporation Finance William Hinman gave in 2018.
• These documents have been the subject of significant public interest and debate as they could be crucial to the defense of Ripple, which the SEC has accused of violating securities laws.
• Dr. Layton argues that both the First Amendment and federal common law endow the press and the public with a presumptive right to access judicial documents for transparency and confidence in administration of justice.
Ripple vs. SEC: Dr. Layton Demands Public Access To Hinman Speech Documents
Dr. Roslyn Layton, a regulatory policy scholar, has filed an amended motion to intervene in the Ripple vs. SEC lawsuit in order to gain access to internal SEC documents related to a speech former SEC Director of Corporation Finance William Hinman gave in 2018.
Significance Of Hinman’s Speech
These documents have been the subject of significant public interest and debate as they could be crucial for Ripple’s defense against accusations from the SEC that it had violated securities laws.
Dr. Layton suggests that their public release is essential for evaluating the strength of Ripple’s fair-notice defense, as well as shedding light on whether Ethereum’s proponents within the SEC had undue influence on crafting Hinman’s speech.
Strong Presumption For Public Release
Given its immense significance and absence of any legitimate countervailing interests counseling against disclosure, Dr. Layton believes that there is a strong presumption favoring public release of these Himan Speech Documents.
Layton also refutes claims from certain parties that these documents are irrelevant or should be kept confidential due to their containing sensitive information about agency processes.
Invoking The First Amendment Right
Dr. Layton is invoking her first amendment rights by petitioning for their public release so that citizens can have confidence in administration of justice regarding this case..
The importance of this case makes it clear why accessing these internal documents is necessary for gaining insight into how difficult regulations have been applied when it comes to cryptocurrencies.
It is currently uncertain what will happen with regards to Dr. Laytons’s motion but if granted she will be able offer much needed clarity into this contentious legal battle between Ripple and The Securities Exchange Commission (SEC).