News View Non-AMP

Ripple vs. SEC: Unveiling the Aftermath of Hinman’s Unethical Conduct

Published by
Elena R

Among the notable figures in the SEC, individuals like Marc Fagel have made their mark by adhering to stringent ethical guidelines. Some of our SEC officials are living life by the book, avoiding individual stocks, crypto, or other commodities. They’re guarding your interests with a 401K. Sounds great, right?

Sadly, not everyone’s playing fair, especially the higher officials: Directors, Commissioners, Chairmen. Conflicts of interest have morphed into something far more serious, and potentially criminal.

The Criminal Bar: Appearance is Everything

Section 18 USC 208 of the financial criminal conflict bar is unambiguous in its expectations: even the appearance of impropriety can lead to criminal charges. This statute underscores the gravity of ethical conduct, sending a clear signal that public trust cannot be compromised.

The story of William Hinman, an active ongoing profit-sharing partner at Simpson Thacher while working at the SEC, offers a compelling case study in alleged misconduct. Despite directives to distance himself from conflicts, emails suggest a blatant disregard for ethical guidelines. Ignoring directives again? Meeting three more times after being told to stop? Note the audacity!

With a tantalizing lunch meeting, Hinman’s connection to the IPO of Canaan, a producer of Bitcoin and Ethereum mining equipment, adds fuel to the fire. Was there profit from this connection? Making profits while serving at the SEC? The jury is still out, but suspicions are swirling.

Ripple suffered for framed-up reasons

The mystery deepens with Hinman’s involvement in the lawsuit against Ripple. The lawsuit has cost $100 Million dollars and long years of stunted growth and slow adoption for Ripple. The rumor is loud and clear all this was done for some big players who had an interest in Ripple Rival Ethereum!

From MoneyGram to One River’s billion-dollar bet on Bitcoin and Ethereum, there’s a trail of corruption that’s getting harder to ignore. 

These allegations pose fundamental questions about the integrity of those at the helm of financial regulation. A public that loses trust in its watchdogs will inevitably question the entire system’s legitimacy.

The unfolding drama offers a sobering lesson: When money, power, and ethics collide, the fallout can be explosive. The time has come to ensure that our institutions remain worthy of the trust placed in them.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

The State of Web3: A Global Look at Where Crypto Is Gaining Ground

The Web3 ecosystem has gained significant traction in recent years, with more people across the…

June 23, 2025

Why is XRP Price Dropping?

The XRP price has dropped below $2 for the first time in over 12 weeks.…

June 23, 2025

Pi Network’s Big Day Is Coming—What’s Really Happening on June 28?

With constant bloodbath, network outrage, and KYC troubles, the Pi Network has seen it all.…

June 23, 2025

Crypto Regulations in Germany 2025

Digital assets and cryptocurrencies are recognized as financial instruments in Gergamy, and they have gained…

June 23, 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 23, 2025

Bitcoin Price Today Tanks to $98K—But Institutions Are Secretly Buying the Dip

The Bitcoin price went 11%, down from $110K to $98K from June 10th onwards, and…

June 23, 2025