solodeji Posted May 11, 2022 Share Posted May 11, 2022 Attorney John Deaton, a lawyer representing 65,000 XRP holders in the ongoing lawsuit between Ripple Labs and the United States Securities and Exchange Commission (SEC), has recently stated that a breach of ethics could spell the regulator’s end in its legal tussle against the San Francisco-based cross-border payment firm. The lawyer pointed to documents uncovered by Empower Oversight, an anti-corruption watchdog, involving William Hinman, the SEC’s former Director of Corporate Finance, coupled with the controversial 2018 speech, where Ethereum is considered not a security. As stated by Empower Oversight, the emails uncovered suggest that Hinman knowingly had a conflict of interest before delivering the speech. According to Deaton, if the allegation can be proven before the judge, it would mark the end of the SEC in the lawsuit filed against Ripple Labs in December 2020. John Deaton tweeted, “Empower Oversight and Jason Foster retrieved the emails below. If Hinman didn’t submit the speech to conflicts screening it is game set & match. The Ethics Office is going to be pissed and want to throw him under the bus if we force this investigation through letters from Congress.” As stated in a statement released by the anti-corruption watchdog, Hinman had a connection with a law firm known as Simpson Thacher, which promoted Ethereum (ETH). According to the group, Hinman had failed to disclose his connection with law firm, adding that the speech subsequently boosted the price of Ethereum (ETH) back then. https://timestabloid.com/legal-expert-says-a-breach-of-ethics-could-mark-secs-end-in-lawsuit-against-ripple-heres-why/ DannyRipple, Chookstar, JASCoder and 5 others 7 1 Link to comment Share on other sites More sharing options...
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