{"id":274510,"date":"2024-03-30T15:44:25","date_gmt":"2024-03-30T10:14:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=274510"},"modified":"2024-03-30T15:44:25","modified_gmt":"2024-03-30T10:14:25","slug":"us-sec-settles-long-running-crypto-lawsuit-law360-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-sec-settles-long-running-crypto-lawsuit-law360-crypto-news\/","title":{"rendered":"US SEC Settles Long-Running Crypto Lawsuit: Law360 – Crypto News"},"content":{"rendered":"

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US Securities and Exchange Commission (SEC) has settled a lawsuit that forced the securities regulator to hand over the documents on potential conflicts of interest in its cryptocurrency enforcement decisions. The government watchdog Empower Oversight president provided explanations for why it agreed to end the suit with the U.S. SEC.<\/p>\n

US SEC and Empower Oversight Settles Lawsuit<\/h2>\n

Law360<\/a> reported that the U.S. Securities and Exchange Commission (SEC) and Empower Oversight agreed to end the long-running lawsuit this week. This caused confusion in the markets about whether the government watchdog settled with the SEC on conflicts regarding the way enforcement decisions were taken by the regulator against crypto companies.<\/p>\n

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Empower Oversight President Tristan Leavitt<\/strong> in a post on X said \u201cWe at Empower Oversight are definitely not done fighting for answers from the SEC.\u201d He explained resolving only the lawsuit filed against the SEC in May 2023 after receiving all documents, while other lawsuits are still in court.<\/p>\n

\u201cFollowing the production of those documents Empower began settlement talks with the SEC, but which didn\u2019t conclude until we recently reached agreement over attorney\u2019s fees,\u201d said the government watchdog.<\/p>\n

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Also Read: Ripple CLO Stuart Alderoty Hints At SEC Claims During XRP \u201cSettlement Conference\u201d<\/a><\/strong><\/p>\n

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Two Open Requests to the SEC<\/h2>\n

Empower Oversight still has two pending issues with the SEC. First, the new issues from revelations in the documents produced by the SEC. Rather than seeking communications between specific individuals, the new request points to searching for records of interest to the public, such as searching for key words of interest.<\/p>\n

Second, Empower Oversight seeks records on the SEC v. Ripple<\/a> litigation, referral to the SEC OIG regarding managing Hinman\u2019s conflicts, and the first FOIA lawsuit on litigation by former SEC officials.<\/p>\n

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The watchdog said there are more documents the public deserves to see regarding the issues and how the SEC responded to the crypto conflicts of interest.<\/p>\n

Read More: Empower Oversight Sues SEC Over Refusing FOIA Compliance, ETHGate<\/a><\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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US Securities and Exchange Commission (SEC) has settled a lawsuit that forced the securities regulator to hand over the documents on potential conflicts of interest in its cryptocurrency enforcement decisions. The government watchdog Empower Oversight president provided explanations for why it agreed to end the suit with the U.S. SEC. US SEC and Empower Oversight […]<\/p>\n","protected":false},"author":2,"featured_media":154401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-274510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=274510"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274510\/revisions"}],"predecessor-version":[{"id":274512,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274510\/revisions\/274512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154401"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=274510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=274510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=274510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}