John Deaton Reacts to Motion to Make Hinman’s Documents Public in Ripple v. SEC

Ripple Vs. SEC

A motion to intervene in the legal dispute between Ripple and the Securities and Exchange Commission has been submitted by Forbes Senior Contributor Roslyn Layton.

To petition the court for access to the draft of William Hinman’s contentious 2018 speech, Layton’s counsel Carl Cecere yesterday filed a motion on his client’s behalf.

Layton’s attorney opposes a motion by the Securities and Exchange Commission to seal some documents of Hinman’s speech on December 22, 2022. The SEC proposed these documents as evidence in its summary judgment filing.

The SEC requested that certain speech documents referenced by Ripple in its opposition to be sealed.

Read also: Ripple Demonstrates Generosity with $1M XRP Donation for Earthquake Victims in Turkey

Hinman’s Documents Should not be Sealed, Says Layton

Layton disagrees with the SEC’s motion in response to the development. The Forbes Senior Contributor stated that she has published multiple op-ed articles regarding the documents and their importance to the lawsuit while having no financial stake in XRP or Ripple.

“She [Layton] therefore respectfully requests leave to intervene so she might ask the Court to release these documents to the public and to deny the SEC’s motion to keep them sealed,” an excerpt of the motion read. 

It’s important to note that Layton is well known for her frequent op-ed articles criticizing the SEC for misusing its regulatory authority by choosing the winners in the cryptocurrency industry. Layton has written several articles about the ongoing Ripple lawsuit, which she describes as the “cryptocurrency trial of the century.”  

The motion was made just hours before she published another hit piece criticizing the SEC for treating Ethereum and Ripple differently. The Forbes team quickly deleted the article, as many had predicted.

Reaction From Deaton

Layton’s motion has elicited a variety of responses from the cryptocurrency space. Supportive of this move, pro-XRP attorney John Deaton tweeted his praise for Cecere and Layton’s plea to the court to grant public admission to Hinman’s documents.

Emails and other internal SEC contacts pertaining to the drafting of Hinman’s controversial 2018 speech are included in the papers provided by Hinman. The public has not yet had access to the documents despite the SEC turning them over to Ripple in October.

Last year, attorney Deaton revealed the reasoning behind why the document has yet to become available to the public; a protective order has been issued and both parties are not permitted to reveal its contents.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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