• Home
  • Ripple
  • XRP
  • Contact Us
XRP News
No Result
View All Result
XRP News
No Result
View All Result

Government Probes Conflicts of Interests From Ripple and SEC’s Case

Gaurav Roy by Gaurav Roy
August 19, 2021
Home News
Share on FacebookShare on Twitter

New York, USA – Empower Oversight, a government watchdog, wants to see internal documents for US SEC or Securities and Exchange Commission about the case involving cryptocurrency. As per the watchdog, there’s a possibility for a conflict of interest involving Bitcoin and Ether.

Empower Oversight, also known as Empower Oversight Whistleblower & Research, declared on August 18 that it submitted a request under FOIA or Freedom of Information Act to the US SEC. As per the request, this government watchdog wants to obtain communication between the offices of SEC, along with old and current employees.

Empower Oversight is a nonpartisan and nonprofit educational group that focuses on improving corporate wrongdoing and the government’s independent oversight. Aside from that, the organization also helps report corruption and insiders’ document to the right authorities. Plus, it seeks to make authorities accountable for acting on the said reports.

As per Jason Foster, the founder of Empower Oversight, he said in his letter to Oliver Girod, the Chief FOIA, how the organization is looking for information about the conflict of interest by SEC’s previous high-level offices involving cryptocurrencies.

Government Probes Conflicts of Interests From Ripple and SEC s Case
Empower Oversight recalls a similar story to the SEC case against Ripple.

As per Empower Oversight’s side, William Hinman, a senior SEC official who participated in the crypto-regulation of SEC, received millions of dollars from Simpson Thacher, a law firm and his past employer.

The group also indicated in the letter that the stated law firm is a part of the Enterprise Ethereum Alliance, and this organization drives the usage of Enterprise Ethereum. Moreover, the group suspected that Hinman stated that Ether (ETH) is not a security, which caused the value to boost.

The organization highlights how the lawsuit against Ripple causes the boost in its value, and the executives are enjoying the commission.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: authoritiescasecrypto assetcrypto marketcrypto tradingcryptocurrencydigital assetemployeesEthereumgovernmentlawsuitnonprofit organizationSEC
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

Next Post
XRP Trades 1.36 After Surging by 11 From an 18 Drop Last Week

XRP Trades $1.36 After Surging by 11% From an 18%-Drop Last Week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • XRP Price Maintains Rally Hopes as DOGE Breaks Down March 6, 2025
  • XRP price to $18K? — One crypto ‘research’ group says it’s possible March 6, 2025
  • Research Group Predicts XRP at $18K—Too Good to Be True? March 6, 2025
  • Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder? March 6, 2025
  • XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming? March 6, 2025

Chat with our XRP expert!

XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

  • Home
  • Ripple
  • XRP
  • Contact Us

2023, XRPNews.com

No Result
View All Result
  • Contact Us
  • HTML Sitemap

2023, XRPNews.com