Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for failing to comply with the Freedom of Information Act (FOIA). The move comes as the SEC neither produced any documents nor committed to producing documents related to the ETHGate scandal when SEC officials declared Ethereum (ETH) as not a security.
Empower Oversight Files New Lawsuit Against US SEC
Empower Oversight has filed a lawsuit against the U.S. SEC for failing to turn over documents on why former Director William Hinman and former SEC Chairman Jay Clayton claimed that ETH was not a security.
The SEC’s refusal to comply with a FOIA request and new details about the firms Hinman and Clayton joined after leaving the SEC are clear evidence for further actions, claims Empower Oversight. The SEC under Gary Gensler has violated federal law that requires agencies to respond to FOIA requests within 20 days.
“By slow walking their response to our FOIA request, the SEC is stonewalling Empower’s oversigh
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