The U.S. Securities and Exchange Commission (SEC) has released a redacted report clearing former Corporation Finance Director Bill Hinman of ethics violations during his time at the agency. The review followed a lawsuit filed by watchdog group Empower Oversight, which had requested access to the findings under the Freedom of Information Act (FOIA).
The report addresses allegations related to Bill Hinman’s 2018 Ethereum speech, where he publicly stated that Ether was not a security. The SEC’s Office of Inspector General (OIG) concluded that Hinman did not violate internal ethics rules or federal conflict-of-interest laws, despite concerns about his financial ties to his former law firm.
The report’s release has renewed discussions surrounding ETH Gate, a term critics use to describe alleged regulatory favoritism and inconsistencies in the SEC’s approach to digital assets.
OIG Investigation and Ethics Disclosures
Empower Oversight alleged that Bill Hinman had ongoing financial
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