Many in the crypto community believe that there are major conflicts of interest where government employees and crypto assets are concerned. This became a burning hot issue during the SEC vs Ripple Labs lawsuit. Especially, when XRP community members claimed that key SEC figures had connections with the Ethereum ecosystem.
Now, an action filed by Empower Oversight Whistleblowers & Research wants the SEC to comply with a Freedom of Information Act, to answer these exact questions.
Primarily, the report took note of William Hinman, the SEC’s former Director of the Division of Corporation Finance. Hinman was previously a partner of Simpson Thacher & Bartlett LLP. Meanwhile, the filing cited news reports to claim,
“Hinman reportedly continued to
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