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Govt watchdog group files lengthy FOIA request demanding access to internal @SECGov documents and records targeting Jay Clayton, William Hinman and Marc Berger over "potential conflicts of interest" on crypto while in office


VanHasen
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I love this. I love all of it. This is music to my ears. But, part of me still hesitates to celebrate because somehow I fear that this will be somehow swept under the rug. 

Will someone explain the seriousness of this and what the chances are that the SEC can simply ignore this like they seem to be doing with everything else?

 

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29 minutes ago, CryptoPitbull said:

I love this. I love all of it. This is music to my ears. But, part of me still hesitates to celebrate because somehow I fear that this will be somehow swept under the rug. 

Will someone explain the seriousness of this and what the chances are that the SEC can simply ignore this like they seem to be doing with everything else?

 

Empowered Oversight are working with whistleblowers, so they know what to ask for and why they are asking. 

In the Ripple case the documents are sealed in Court and if there is a settlement they will never see the light of publicity.  This is quite different, the lawyers at Empowered Oversight make FOIAs for the purpose of making them public.  If there is evidence of corruption they will put it on the public record, and after that it gets really nasty (Well that is my take on what the intention of FOIA are).

I suppose Gensler has to go to the Courts and explain why the FOIA should be rejected by the Courts and why the allegations by the whistle blowers should be ignored. This is now set to drag on even after SEC settle with Ripple and I think it will make good reading for the clients of Mass Media publications.  Everyone enjoys a scandal, and seeing rich pigs outed.

 

Edited by Julian_Williams
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19 minutes ago, Julian_Williams said:

Empowered Oversight are working with whistleblowers, so they know what to ask for and why they are asking. 

In the Ripple case the documents are sealed in Court and if there is a settlement they will never see the light of publicity.  This is quite different, the lawyers at Empowered Oversight make FOIAs for the purpose of making them public.  If there is evidence of corruption they will put it on the public record, and after that it gets really nasty (Well that is my take on what the intention of FOIA are).

I suppose Gensler has to go to the Courts and explain why the FOIA should be rejected by the Courts and why the allegations by the whistle blowers should be ignored. This is now set to drag on even after SEC settle with Ripple and I think it will make good reading for the clients of Mass Media publications.  Everyone enjoys a scandal, and seeing rich pigs outed.

 

Thanks for the reply. So do you think this could have an impact on Ripple settlement? The SEC might have been more forgiving if they knew that those documents might not ever be seen. Now they might be exposed anyway.

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11 minutes ago, CryptoPitbull said:

Thanks for the reply. So do you think this could have an impact on Ripple settlement? The SEC might have been more forgiving if they knew that those documents might not ever be seen. Now they might be exposed anyway.

Yes but to my eyes it looks even worse for SEC is they are both corrupt and still go on beating up Hinman's and Clayton's enemies after they have left SEC.  Gensler has to fight on two fronts, and this makes him look as dirty as his predecessors?  Just my take.

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I can't be bothered reading all this NEWS, wake me up when the movie comes out, LOL.

The Self Enriching Criminals are in trouble - it's amazing to think the sheriff is even more corrupt than those this sheriff is supposed to go after, whilst screwing over the very people they are supposed to protect and who help pay towards their salaries. I hope all those involved get nailed, along with their string pullers.

Also, if these FOIA requests are successful, then it might lead to a flood of them on many questionable SEC actions in the past. Hey GG we all know what happened to the guy on the left, literally hung and left out to dry in his case, figuratively in your case, prepare yourself.

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Edited by HAL1000
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1 minute ago, HAL1000 said:

Wow the tables are now being reversed on Gensler.  His first duty as chairman of SEC should have been to restore the reputation of SEC.   Instead of responding to a petition from 30k XRP concerned holders that they had been victims of SEC corruption he ignored even acknowledging he had received the request, and tried to fob us off with his new twitter feed telling us about his family life and what a nice man he is.  

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