12 months ago
1 min read
Watchdog Group Sues SEC for Access to Documents on XRP and ETH
Empower Oversight, a watchdog agency, is taking the Securities and Exchange Commission (SEC) to court over Freedom of Information Act (FOIA) requests that have yet to be fulfilled. The lawsuit seeks to compel the SEC to provide Empower with requested records that could shed light on potential conflicts of interest related to cryptocurrency, specifically involving former SEC officials William Hinman and Jay Clayton. Hinman, who is now a senior adviser at the law firm Simpson Thacher & Bartlett, received a pension from the firm while at the SEC, which was an Enterprise Ethereum Alliance member during his tenure. Clayton, who