A lawsuit concerning the disclosure of SEC's conflicts of interest in enforcement actions related to crypto has been settled by the U.S SEC. Empower Oversight, a government watchdog group, decided to settle the case for reasons explained by its leader.
Reportedly, a long-standing litigation between the U.S. SEC and Empower Oversight came to a conclusion. Investors were uncertain whether the differences between the government watchdog and the SEC regarding cryptocurrency business enforcement judgments had been resolved.
President of Empower Oversight, Tristan Leavitt, stated that the organization is still actively seeking answers from the SEC and is not finished with its efforts.
There are other cases still pending in court, with only one case filed against the SEC being resolved. Talks between Empower Oversight and the SEC began after the production of relevant documents, but a settlement was reached recently after agreeing on attorney's fees.
Two matters are ongoing between Empower Oversight and the SEC. One involves fresh concerns stemming from SEC document leaks, focusing on publicly-interesting information rather than specific conversations. The other involves a FOIA lawsuit concerning documents from the Ripple case and a referral to the SEC OIG about Hinman's conflicts.
Comments