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Consumer Law

An Anti-Corruption Watchdog Alleges a Conflict of Interest in Ripple and XRP Lawsuit

An anti-corruption watchdog tracking the U.S. Securities and Exchange Commission’s (SEC) legal battle with Ripple says there is evidence that a key SEC official knowingly had a conflict of interest during the initiation of the lawsuit.

The SEC sued Ripple in December of 2020 on allegations that XRP was issued as an unregistered security.

In a press release, non-profit Empower Oversight says it received over 200 email records via a Freedom of Information Act request that shed light on a conflict of interest within the SEC, specifically regarding William Hinman, former Director of the SEC’s Division of Corporate Finance.

Read the source article at dailyhodl.com

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