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Empower Oversight in Possession of Vital Documents That Could Determine Outcome of Ripple-Sec Case

Empower Oversight has announced that it’s in possession of the first document containing emails between two former officials of the United States Securities and Exchange Commission (SEC), William Hinman and Marc Berger, following its investigation on whether there is a conflict of interest in the Ripple-SEC lawsuit.

Empower Oversight received the document following the lawsuit under the freedom of Information Act (FOIA) of 2021.

Read Also: Attorney Jeremy Hogan: Ripple Just Did the Hardest Hitting Thus Far in the Lawsuit. Details

According to the non-profit organization, its intention is to know whether there is a conflict of interests by the agency in relation to crypto enforcement, which could have prompted the filing of the lawsuit.

It’s worthy of note that William Hinman and Marc Berger, the two former SEC officials left the agency to join Simpson Thacher & Barlett, an affiliate of Enterprise Ethereum Alliance, a group of companies based on marketing Ethereum (ETH) as an enterprise solution. Mind you, Jay Clayton, who masterminded the lawsuit before leaving the SEC is also under suspicion.

In a bid to get relevant information for the investigation, Empower Oversight specifically listed the names of these former SEC officials under suspicion with the companies named in the FOIA request.

What the Documents Say

As stated by Empower Oversight, the documents obtained contain 1,053 pages of emails from an email address traced to Hinman, including a 46-page document of messages related to Berger.

The non-profit organization stressed that most of the information is likely not included in the report due to formatting issues, making lots of the messages blank and duplicated.

Read Also: Attorney Jeremy Hogan Highlights Recent Big Blunder that Could Hurt SEC in Favor of Ripple and XRP

The founder of Empower Oversight, Jason Foster, who reacted to the development said the production of the first document is seemingly the right step to take.

He added that the regulatory agency “must keep its commitment to conduct additional searches in order to fulfill its legal obligation to transparency. Empower Oversight will not relent in its commitment to enforcing accountability through the public’s right to know.”

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About Empower Oversight

Empower Oversight Whistleblowers & Research (EMPOWR) is a nonprofit, nonpartisan educational organization dedicated to enhancing independent oversight of government and corporate wrongdoing.

The organization also works to help insiders document and report corruption to the relevant authorities while also seeking to hold authorities accountable to act on those reports.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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