US Regulator Backs Technical Policy Expert Roslyn Layton for Access to SEC’s Cryptocurrency Speech Document

02/24/2023 13:17 • AI & Tech Insights • 110 views

It is reported that Empower Oversight, the US government regulator, issued a document supporting Roslyn Layton, a technical policy expert, to the South District Court of New York on the intervention motion filed by the United States Securities and Exchange Commission (SEC) and Ripple, which requires obtaining the controversial speech document on cryptocurrency issued by William Hinman, a former executive of the SEC, in 2018. Jason Foster, founder and president of Empower Oversight, said that the public should get a reply from the SEC. Last October, Empower Oversight raised an objection to the SEC’s simple judgment motion in the ongoing Freedom of Information Act lawsuit on the documents related to conflict of interest and selective law enforcement in the cryptocurrency case.

Empower Oversight, the US government regulator, supported the intervention motion submitted by Roslyn Layton to the court

Interpretation of the news:

Empower Oversight, the US government regulator, has given its support to technical policy expert Roslyn Layton in her bid to access a controversial speech document on cryptocurrency issued by William Hinman, a former executive of the United States Securities and Exchange Commission (SEC) in 2018. The SEC and Ripple jointly filed a motion with the South District Court of New York on this issue, and now, Empower Oversight has issued a document supporting Layton.

According to Jason Foster, founder and president of Empower Oversight, the public expects a response from the SEC on this matter. Last October, Empower Oversight raised an objection to the SEC’s judgment motion in the ongoing Freedom of Information Act lawsuit that centered around conflict of interest and selective law enforcement in the cryptocurrency case. The regulator has been actively pushing for transparency in government actions related to regulation in the cryptocurrency industry.

This recent move by Empower Oversight highlights its concern for the prevailing secrecy in the SEC’s cryptocurrency operations. With an increasing number of people investing in cryptocurrency and with cybercrime rising, it is becoming more important than ever for regulatory agencies to be transparent in their actions. The SEC issued guidelines in 2019, stating that digital assets such as cryptocurrencies are securities and therefore fall under SEC jurisdiction. This has had a significant impact on cryptocurrency-related businesses in the US, and the ruling plays a critical role in shaping the regulatory framework for the industry.

In conclusion, Empower Oversight’s support for cryptocurrency policy expert Roslyn Layton’s quest for access to William Hinman’s controversial speech document emphasizes the need for transparency in regulatory agencies. This move by Empower Oversight comes in the context of an ongoing lawsuit on documents related to conflict of interest and selective law enforcement in the cryptocurrency case. Ultimately, this development is a step towards ensuring that the SEC’s cryptocurrency operations are transparent and efficient for the benefit of consumers and legitimate businesses.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/3161.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.