• The ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs has taken a new turn, with prominent crypto lawyer John E Deaton accusing the SEC of stonewalling and concealing the truth.
• On May 11, 2023, Empower Oversight filed a fresh complaint against the SEC in a District Court in the United States, seeking to force the regulator to comply with a Freedom of Information Act (FOIA) request that it previously filed.
• It was recently discovered that former senior SEC official William Hinman received $9 million in compensation from his former employer, Simpson Thacher, while helping to guide the SEC’s enforcement decisions on cryptocurrencies.
Empower Oversight Accuses SEC of Stonewalling
The ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs has taken a new turn, with prominent crypto lawyer John E Deaton accusing the regulatory body of stonewalling and concealing the truth. On May 11, 2023, Empower Oversight, a non-profit organization, filed a fresh complaint against the SEC in a District Court in the United States, seeking to force the regulator to comply with a Freedom of Information Act (FOIA) request that it previously filed.
$9M Payment to Former SEC Official Exposed
The recent complaint by Empower Oversight comes after it was discovered that former senior SEC official William Hinman received $9 million in compensation from his former employer, Simpson Thacher, while helping to guide
