Empower Oversight, the US government regulator, supported the intervention motion submitted by Roslyn Layton to the court
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.
Interpretation of this information:
The US government regulator Empower Oversight has thrown its support behind technical policy expert Roslyn Layton regarding the case involving the controversial speech on cryptocurrency issued by former SEC executive William Hinman in 2018. The SEC and Ripple have filed an intervention motion to obtain the document, but Empower Oversight’s founder and president, Jason Foster, believes that the public deserves a response from the SEC regarding their conflicting interests and selective law enforcement in the ongoing cryptocurrency case. The regulator had previously raised objections to the SEC’s Freedom of Information Act lawsuit.
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