What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Regulators»Empower Oversight received important documents from the SEC
    5dcb16f6cad7e3678e4c7463f7761cbb09ab077f
    Regulators

    Empower Oversight received important documents from the SEC

    AdministratorBy Administrator03.03.2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~2 m


    Empower Oversight received the first documents from the SEC as a result of the Freedom of Information Act (FOIA) litigation.

    The FOIA request was filed on August 12, 2021, but the SEC did not respond, causing the nonprofit to file a lawsuit and later an administrative appeal against the SEC’s original claims of non-response records and file a new FOIA request with the SEC for records related to how staff The FOIA SEC searched for relevant records.

    The non-profit wants to analyze potential conflicts of interest in its cryptocurrency-related enforcement decisions, specifically in the SEC lawsuit against Ripple, which was filed the day before the departure of SEC Chairman Jay Clayton. Three months later, he was announced as an advisor to cryptocurrency-focused hedge fund One River.

    Other former SEC officials are also under suspicion, including former SEC director of corporate finance William Hinman, whose fate may hang in the balance as a judge in an XRP lawsuit reconsiders whether his 2018 speech on air was his personal opinion or public opinion. opinion. . Hinman left the SEC and returned to the law firm of Simpson Thacher & Bartlett.

    Simpson Thacher & Bartlett is part of the Enterprise Ethereum Alliance, a coalition of companies formed to promote Ethereum as an enterprise solution. After Hinman’s speech, Ether displaced Ripple as the No. 2 cryptocurrency by market capitalization, while Ripple came under increasing pressure from the SEC for an alleged offering of unregistered securities.

    EMPOWER OVERSIGHT REQUIRES MORE

    Empower Oversight announced that the documents obtained from the SEC consist of emails between two now former senior SEC officials and any email addresses at the law firm that hired them after they left the SEC, Simpson Thacher & Bartlett.

    They include 1,053 pages of emails featuring William Hinman, former director of the SEC’s corporate finance division, and 46 pages of emails featuring Mark Berger, a former acting director of the SEC’s enforcement division.

    However, due to formatting issues, many of these pages are almost completely blank and contain repetitive information. On Feb. 18, at the request of the SEC, Empower Oversight provided a detailed list of people associated with the organizations identified in the FOIA request so that the SEC can identify additional response records rather than restrict searches to specific email address domains.

    “This initial SEC document is a step in the right direction, but it must meet its obligation to conduct additional searches in order to meet its legal obligation to be transparent. Empower Oversight will not relinquish its commitment to accountability through the public’s right to know,” said Empower Oversight Founder and President Jason Foster.

    Empower Oversight is a non-profit organization dedicated to strengthening the independent oversight of government and corporate wrongdoing. The organization also collects relevant information and reports corruption to the relevant authorities, while holding public officials accountable for the performance of their functions.




    #Empower #Oversight #received #important #documents #SEC

    documents Empower important Oversight received SEC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    The UK should make an effort to become the center of cryptocurrencies

    26.01.2023

    Elizabeth Warren: “The crypto industry is afraid of the SEC”

    26.01.2023

    Circle denies rumors of SEC allegations of disrupting the company’s entry into the stock market

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.