фото показано с : ripplenews.ru

Analyst Roslyn Layton said that due to the change in opinion about Hinman’s speech, the SEC could expect long-awaited retribution.

In an article published in Forbes magazine, analyst Roslyn Layton said that due to the change in opinion about Hinman’s speech, the SEC could expect long-awaited retribution. She noted that initially the speech seemed almost revolutionary for the blockchain industry. However, as a result, it turned out that the SEC decided to destroy the industry.

This also manifested itself in the legal action against Ripple. The statements and accusations of the SEC completely contradicted the logic and essence of Hinman’s speech. That said, according to what the SEC argued during the lawsuit, Hinman really should have known everything before preparing his speech.

As a result, everything turned out in such a way that it demonstrated the fraudulent actions and intentions of the agency. The notorious speech instead of a revolutionary one became catastrophic:

Hinman’s speech could have been a revolutionary turning point for American innovation, but it became an unmitigated disaster. Not only did Hinman deceive the public and materially harm thousands of investors, he and his cohorts brought severe damage to the SEC’s credibility and integrity. The SEC made a mockery of its mission to protect investors.

However, retribution will surely come, and the first step towards it is already being taken:

However regulatory scholars are not surprised. They have demonstrated over decades that captured agencies like the SEC favor their preferred players like regulated banks over innovators and consumers. With increasing regulation, Congress has made the problem worse. Now the only backstop is the courts where aggrieved innovators attempt to get a fair shake. Magistrate Judge Sarah Netburn may order the SEC to end its obstruction and provide the internal documents on Hinman’s speech. This could expose the SEC‘s market deception and force a settlement with Ripple. The first step of a long overdue reckoning for the agency may be at hand.

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