Pro-XRP Advocate Raises Concerns Over SEC’s Integrity Amid Cryptocurrency Investigation

New York, NY – An ongoing investigation into cryptocurrency-related conflicts of interest within the Securities and Exchange Commission (SEC) has raised concerns about the agency’s integrity. Pro-XRP lawyer Bill Morgan voiced skepticism about the SEC’s handling of internal probes, reflecting broader worries within the crypto community. The inquiry has sparked discussions about accountability and potential whitewashing, with stakeholders eagerly awaiting the outcome.

Morgan’s doubts center around the SEC’s treatment of XRP and other cryptocurrencies and raise questions about former senior SEC official William Hinman. Hinman’s actions, particularly his 2018 speech declaring Ether not a security, have come under scrutiny due to his ties to a law firm with interests in Ethereum. Many have criticized the speech as ethically questionable, given the potential conflict of interest.

Empower Oversight, an organization dedicated to demanding transparency from the SEC, has been at the forefront of uncovering these issues. Through Freedom of Information Act (FOIA) requests and legal action, the organization has challenged the SEC’s opaqueness regarding cryptocurrency matters. Tristan Leavitt, the president of Empower Oversight, stressed the importance of the ongoing investigation and called for the SEC’s Office of Inspector General (OIG) to address all concerns comprehensively in order to restore public trust in the agency’s operations.

Despite facing resistance from the SEC, Empower Oversight remains steadfast in its pursuit of holding regulatory agencies accountable. The organization’s efforts to expose potential conflicts of interest and ensure regulatory integrity reflect the concerns of the broader cryptocurrency community.

As the investigation progresses, stakeholders are eagerly looking forward to increased transparency and accountability within the regulatory landscape. The outcome of this inquiry will have significant implications for the crypto community and the future of cryptocurrency regulation.