Could the SEC case against Ripple falter over a conflict of interest?

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

The SEC’s case against Ripple could falter due to a potential conflict of interest by former official William Hinman, argues Crypto Law founder John E Deaton.

Empower Oversight said that Hinman was receiving $1.5 million in retirement benefits from the law firm annually while he worked at the SEC, and alleged that he “had repeated contact with the law firm’s personnel.” The organization noted that the SEC’s “Ethics Office explicitly told him not to have any contact with Simpson Thacher personnel.”

“ Understand the degree to which the conflict involving this former official exacerbated the perception that the SEC’s enforcement actions have selectively targeted some cryptocurrencies while giving others a free pass; Evaluate the SEC’s policies and procedures to identify ways to more effectively monitor compliance with ethics guidance.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ヒンマンが倫理局から繰り返し警告を受けていた証拠が既に開示されています

This is why the Government requires employees in positions of financial authority to disclose every investment for potential conflict of interest. They represent the Government and can’t be biased.

Could? It will.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The ripple effects of Russia's war in Ukraine are changing the worldStores running out of cooking oil. Gas prices soaring. Farmers scrambling for fertilizer. Nations rethinking alliances. NPR zooms in on Russia's war with Ukraine and the far-reaching repercussions.
Source: KPBSnews - 🏆 240. / 63 Read more »

Former swamp was an Underground Railroad station, now it is buried beneath Broad Ripple“Within whistling distance of one of the city’s best North Side residential districts,' Clifford Thurman wrote in a 1950 article, 'is a ‘bottomless’ ancient sinkhole.” I have a story for you after I go to FBI AND SHOW THEM THE PROOF LOAM NEESON stalked me on the internet and accuses me of having his password for computer.
Source: indystar - 🏆 434. / 53 Read more »

Industry experts weigh in on SEC hiring more crypto copsThe United States Securities and Exchange Commission is looking to hire more people to focus on digital assets, but what does it mean for the industry? Experts give their take. (Reporting via Ke_Arnol_d) Ke_Arnol_d It means they need more resources to slow down the progress Ke_Arnol_d Ke_Arnol_d Yes “protect” me harder daddy GaryGensler
Source: Cointelegraph - 🏆 562. / 51 Read more »

SEC Chair Warned of Crypto Exchanges Working Against Their Clients' Best InterestsAccording to Gary Gensler, some digital asset platforms 'are trading against their customers' with their actions.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Chairmen from the SEC and CFTC talk crypto regulation at ISDA meetingGary Gensler and Rostin Behnam talk about their agencies’ authority over cryptocurrency markets at an international financial conference.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says.coinbase CEO brian_armstrong says the exchange has no risk of bankruptcy, and that risk disclosure language in its new 10-Q filing is simply a requirement of the U.S. Securities and Exchange Commission. thesamreynolds reports. coinbase brian_armstrong thesamreynolds I still wouldn't touch it with a bargepole. coinbase brian_armstrong thesamreynolds A terrible company that has cost me thousands. coinbase brian_armstrong thesamreynolds Requirement how? Is it a law? No. It's not.
Source: CoinDesk - 🏆 291. / 63 Read more »