We all knew this was coming! A possible conflict of interest between the SEC and XRP. Government Watchdog Empower Oversight is now investigating Conflicts of Interest between the SEC officials, crypto and XRP.
Empower Oversight Whistleblowers & Research (EMPOWR) is a nonprofit, nonpartisan educational organization dedicated to enhancing independent oversight of government and corporate wrongdoing. EMPOWR works to help insiders document and report corruption to the proper authorities while also seeking to hold authorities accountable to act on those reports.
In our Constitutional republic, power resides with the people—exercised through their elected representatives. To act as an effective check on unelected bureaucrats and corporate elites, the people and their representatives need to know the facts.
With decades of experience conducting congressional investigations that exposed major scandals and experts who wrote the laws on modern-day whistleblower protections, EMPOWR is well-positioned to combat waste, fraud, and abuse both inside and outside government. Under the leadership of Jason Foster—with 22 years of Capitol Hill experience, including 14 years as counsel to the “patron saint of whistleblowers” U.S. Senator Chuck Grassley (R-Iowa)—the team at Empower Oversight can tap into a wide network of allies to help apply pressure and demand answers on behalf of those who report wrongdoing.
What We Do
- Solicit disclosures of waste, fraud, abuse, misconduct, and mismanagement.
- Work to corroborate claims through deep, independent research.
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The team at Empower Oversight has seen firsthand how transparency provides a vital check on unfettered power. We are committed to finding the facts so that Americans can confront abuses of authority.
The agency announced on Wednesday that it has submitted a detailed request to the SEC “seeking communications between SEC officials and their current and former employers.” The request was filed under the Freedom of Information Act (FOIA).
The firm explained that in a suspicious move “Senior SEC official William Hinman reportedly participated in the SEC’s regulation of cryptocurrencies while receiving millions of dollars from his former employer, the law firm Simpson Thacher.”
And then, further connecting the dots, they elaborated that Simpson Thacher works with Enterprise Ethereum Alliance. This is an industry organization that works to drive the use of Enterprise Ethereum.