Empower Oversight Sues SEC for Release of Crypto Conflicts Probe

The post Empower Oversight Sues SEC for Release of Crypto Conflicts Probe appeared first on Coinpedia Fintech News

Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) for the release of a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General (SEC OIG) completed the report more than a year ago, but the SEC has yet to release it or provide related documents despite multiple Freedom of Information Act (FOIA) requests.

The lawsuit, filed today, calls on the SEC to disclose the final report, which examines potential conflicts of interest involving William Hinman, the former Director of the SEC’s Division of Corporate Finance, and his role in the agency’s decisions on cryptocurrencies. Of particular concern is Hinman’s ties to his former law firm, Simpson Thacher, which had an interest in promoting Ether (ETH) over other cryptocurrencies.