SEC Official Had Conflict of Interest in Ripple Lawsuit, Anti-Corruption Watchdog Says
The U.S. Securities and Exchange Commission's (SEC) legal watchdog over Ripple says there was evidence that a key SEC official was aware of a conflict of interest in the case at the time of the inception.
The SEC sued Ripple in December of 2020 on accusations that XRP was released as an unregistered security.In a press release, charitable Empower Oversight says it obtained over 200 email records using a Liberty of Details Act demand that clarified a dispute of passion within the SEC, especially relating to William Hinman, former Director of the SEC's Department of Business Financing.
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