News View Non-AMP

Empower Oversight Sues SEC for Release of Crypto Conflicts Probe

Published by
Anjali Belgaumkar

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.

Hinman’s Conflicts in Crypto Regulation

Empower Oversight, a nonprofit watchdog group, has been pushing for greater transparency from the SEC since August 2021, when it first requested communications between SEC officials and cryptocurrency entities. Over the past few years, the group has filed multiple lawsuits to secure access to documents, including those tied to Hinman’s 2018 speech declaring Ether not to be a security, while other similar cryptocurrencies were classified as unregistered securities.

Tristan Leavitt, president of Empower Oversight, criticized the SEC’s ongoing delays, calling its refusal to release the report “suspicious” and stressing the public’s need for transparency in light of the agency’s role in regulating the growing cryptocurrency sector.

SEC Delays Fuel Transparency Concerns

With the SEC’s internal watchdog report still not released, Empower Oversight’s legal efforts continue as they press for clarity on the agency’s handling of conflicts of interest and cryptocurrency enforcement decisions.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Veteran Trader Peter Brandt Reveals Best Bitcoin Strategy That Beats Day Trading

Legendary trader Peter Brandt is flipping the script on what most retail investors believe about…

June 30, 2025

OM Coin Price Prediction 2025, 2026 – 2030: Mantra Crypto Crash Wipes Out $6B in Market Value?

Story Highlights The live price of the Mantra token is . OM coin Price could…

June 30, 2025

Global M2 Money Supply is Booming—Here’s What it Means for Bitcoin & Crypto Markets

Global M2 supply refers to the total amount of money available for spending and investment…

June 30, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . Price prediction suggests potential…

June 30, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

June 30, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights Live XRP Price:. Predictions suggest XRP could reach $5.05 by the end of…

June 30, 2025