April

Partner

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/xrp-lawsuit-update-secs-handling-of-ripple-case-under-scrutiny-amidst-allegations-of-conflicts-of-interest/">XRP Lawsuit Update: SEC’s Handling of Ripple Case Under Scrutiny Amidst Allegations of Conflicts of Interest</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>A series of tweets has brought fresh scrutiny to apparent conflicts of interest at the Securities and Exchange Commission (SEC) as its high-stakes legal battle against blockchain firm Ripple continues.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br>Just 4 months after the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw">#SEC</a> filed suit against <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a>, Marc Berger leaves his acting Enforcement Director job &amp; heads to Simpson Thacher. No big deal. He is now Global Co-Head of Simpson Thacher’s Government &amp; Internal Investigations &amp; is ex Partner at Ropes &amp; Gray.… <a href="https://t.co/5ydgCE2PuD">https://t.co/5ydgCE2PuD</a> <a href="https://t.co/dJfvFE6laq">pic.twitter.com/dJfvFE6laq</a></p>— Cowboy.Crypto 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@cowboycrypto313) <a href="https://twitter.com/cowboycrypto313/status/1707014233202786693?ref_src=twsrc%5Etfw">September 27, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The tweets highlight the timely transitions of two senior SEC officials integral to the Ripple lawsuit. Marc Berger left his role as Acting Enforcement Director in December 2022, just months after the SEC sued Ripple. He promptly joined the elite law firm Simpson Thacher as co-head of its government investigations practice.</p> 
<h2 class="wp-block-heading" id="h-recent-exits-of-key-officials-cast-doubt-on-the-regulator-s-impartiality">Recent Exits of Key Officials Cast Doubt on the Regulator’s Impartiality</h2> 
<p>In April 2023, Dalia Blass departed the SEC after stints heading the Division of Investment Management and Investment Management Policy. She became a partner at Sullivan &amp; Cromwell, where former SEC chair Jay Clayton now serves as senior policy advisor.</p> 
<p>These latest revolving-door staff changes have renewed accusations of improper industry affiliations at the SEC. The optics are especially concerning given the agency’s aggressive three-year pursuit of Ripple on grounds some perceive as biased.</p> 
<p>Before joining the SEC, Berger and Blass had deep ties to Wall Street law firms. Their rapid transitions to the private sector reinforce perceptions of an insular, biased SEC targeting the crypto industry.</p> 
<p>With the Ripple case poised for a critical ruling, skepticism around the SEC’s motives has reached a fever pitch. The high-profile departures will amplify calls for ethics reforms and reinvigorate impartial crypto oversight. Restoring public trust remains an urgent priority for the embattled regulator.</p>

XRP Lawsuit Update: SEC’s Handling of Ripple Case Under Scrutiny Amidst Allegations of Conflicts of Interest

Table of Contents

CoinPedia News

Other articles published on Sep 28, 2023

Bitcoin (BTC) Remains Resilient Despite USD Surge: Could Break Out After This Happens – Analyst

Exploring the Ethical Concerns of AI in Healthcare

How Ibiza’s most prominent nightclubs are jumping on the crypto trend

Chase UK's Sudden Ban on Crypto Transactions Stuns Industry

Coinbase launches perpetual futures trading to non-US retailers

Will Knightscope Technology Enhance The PENN Share Performance?

Join our free newsletter for daily crypto updates!