SEC-Ripple lawsuit takes a new twist as former official is accused of conflict of interest

Empower Oversight, a financial watchdog claims they have obtained documents under the freedom of information request.
It captures a statement made by former SEC director of corporate finance William Hinman on the motion of what qualifies as securities.

Us Securities and Exchange Commission (SEC) has been in a year-long legal battle with Ripple Labs, charging its executives with selling unregistered Securities. Interestingly, SEC is more likely to face a huge hurdle once one of its former officers is found guilty of conflict of interest in a comment he made in 2018. 
This occurred after Empower Oversight, a financial watchdog claimed they have obtained documents under the freedom of information request, that captured a statement made by former SEC director of corporate finance William Hinman on the motion of what qualifies as securities. In the statement, Hinman said that Ether and its transactions are not securities. This has been revisited in the current legal battle against Ripp

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