Forbes has removed an article criticizing US regulators’ stance on the cryptocurrency market. The article, which covered the biggest crypto case in recent years, provided primary source on how to classify altcoins/tokens.
Forbes removed SEC article defending this altcoin project
The American business magazine has removed an article titled “Why the SEC Treats Ripple and Ethereum Differently”. The article is by Senior Forbes Author on Tech Policy, Dr. It was written by Roslyn Layton and was critical of the unfair treatment of Ripple by the SEC.
Not surprisingly, this decision sparked outrage within the XRP community. The censorship of an issue that has not been brought up for a long time has caused concern in the crypto community.
Forbes raised important issues against the SEC
Despite its removal, we are familiar with the content of the article thanks to screenshots shared by members of the XRP community, revealing that the article is still viewable in reader mode in selected browsers.
In the article, Dr. Layton questions why the SEC gave free pass to Ethereum in the controversial 2018 Bill Hinman speech. Describing this as a potential “inconsistency” in regulations, the policy researcher says the problem may lie in the hotly debated Hinman documents.
Hope someone made a hard copy and circulates the shit out of it https://t.co/uDxCbFtXWF
— bill morgan (@Belisarius2020) February 16, 2023
The Hinman documents refer to emails and other materials related to the preparation of the controversial speech. At one point in particular, the conversation became the focus of the SEC’s lawsuit against Ripple, and the regulator initially resisted Ripple’s efforts to access the documents.
While the SEC finally handed over the documents to Ripple last October after previously resisting six court orders, it is now trying to keep the documents sealed, according to the Omnibus moves made last December. The Court reiterated that these negotiations were subject to attorney-client privilege, adding that leaving them open to public scrutiny could adversely affect the agency’s ability to negotiate policy in the future.
The article says different rules have been applied to altcoin projects over time
Dr. In his article, Layton voiced his view that it was a hard sell, given the SEC’s argument that he said was guiding the nascent market. He argues that these documents may clarify whether the free switch to Ethereum was due to Hinman’s alleged conflict of interest, or whether there was confusion among regulators with industry participants that could justify Ripple’s fair-disclosure defense. As a result, he filed a petition with the court requesting that the documents be unsealed, as reported today.
Unsurprisingly, members of the XRP community have expressed their anger at the fact that Forbes appears to have removed the article. Quoting the article announcing the company’s Forbes author’s filing, attorney John Deaton expressed shock by writing “Wth.”
— John E Deaton (@JohnEDeaton1) February 16, 2023
By the way, Forbes had previously removed an article by the Tech Policy author. However, it is worth noting that the author wanted to edit the fragment in the previous example. Currently, Dr. Layton and Forbes have yet to respond to requests for comment. As Kriptokoin.com, we will update the details on this page.
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