The SEC Is Accused Of Being Connected to Ethereum

Empower Oversight, a nonprofit organization that protects human rights, sues the SEC on supposable conflict of interests in the action of ex-chairmen. They demand to uncover certain documents according to FOIA.

The SEC is suspected of having connections with Ethereum. These suspicions grew out of the discussions whether some cryptocurrencies may be considered securities, and Empower Oversight believes that the SECs CFO, Willian Hinman, received millions of dollars from the Ethereum affiliate organization.

There were also some concerns about the case SEC vs Ripple. The Fox Business journalists initiated an independent investigation and came to the conclusion that the employees who sued Ripple may be connected to Ethereum. Brad Garlinghouse, the CEO of Ripple, also noted that Ethereum wouldn’t grow that big without SEC’s favor.

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