Pro-XRP Lawyer Expresses Doubts About SECโs Integrity
A well-known figure in the XRP community, Bill Morgan, has shared concerns about the SECโs handling of internal investigations. He has highlighted the growing skepticism among cryptocurrency enthusiasts regarding the agencyโs integrity. There are broader concerns about potential conflicts of interest within the SEC, especially in its treatment of XRP and other cryptocurrencies.
Morganโs comment raises questions about William Hinman, a former senior SEC official, and his actions related to Ethereum and XRP. This remark alludes to Hinmanโs controversial speech in 2018, where he declared Ether not a security, despite his ties to a law firm with interests in Ethereum.
Tristan Leavitt, president of Empower Oversight, emphasizes the significance of the ongoing investigation. He stresses the need for the SECโs Office of Inspector General (OIG) to address all raised concerns comprehensively to restore public trust in the agencyโs operations.
Empower Oversightโs Pursuit of Transparency
Empower Oversight has played a crucial role in bringing these issues to light by challenging the SECโs opacity regarding cryptocurrency-related matters. Through Freedom of Information Act (FOIA) requests and legal action, the organization has been relentless in demanding transparency from the SEC.
Tristan Leavitt has highlighted the delays and obstacles encountered in obtaining crucial documents and emphasizes the necessity for the SEC to fulfill its obligations promptly. Despite facing resistance from the SEC, Empower Oversight remains steadfast in its mission to hold regulatory agencies accountable.
As the investigation unfolds, stakeholders eagerly await the outcome, hopeful for transparency and accountability within the regulatory landscape.
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