<ul><li>Allegations suggest former SEC officials Jay Clayton and William Hinman may have had conflicts of interest affecting their decisions on crypto regulation.</li><li>Clayton&#39;s post-SEC involvement with OneRiver and his law firm&#39;s ties to ConsenSys and Ethereum raise questions about impartiality and regulatory fairness.</li><li>Ripple CEO Brad Garlinghouse criticizes the SEC&#39;s approach, highlighting the need for unbiased and transparent regulatory practices.</li></ul>Recent developments in the cryptocurrency regulatory landscape have brought to light allegations of potential conflicts of interest involving former officials of the U.S. Securities and Exchange Commission (SEC). Attorney John E. Deaton has raised concerns over the actions of former SEC Chairman Jay Clayton and former Director of Corporation Finance William Hinman, suggesting that their decisions while in office may have been influenced by personal and professional connections.Two months prior to Clayton&#39;s departure from the SEC, investment firm OneRiver made a <a href="https://www.bloomberg.com/news/articles/2020-12-16/bitcoin-whale-surfaces-with-1-billion-and-alan-howard-s-backing" rel="noopener noreferrer nofollow">significant investment</a> in Bitcoin and Ethereum. Notably, following his tenure at the SEC, Clayton <a href="https://www.crypto-law.us/timeline/clayton-joins-one-river-asset-management/" rel="noopener noreferrer nofollow">joined</a> OneRiver, raising questions about the timing and nature of this transition. Additionally, Clayton&#39;s law firm, Sullivan &amp; Cromwell, <a href="https://cryptotale.org/attorney-john-deaton-raises-serious-allegations-against-sec-in-ripple-lawsuit/" rel="noopener noreferrer nofollow">represented</a> ConsenSys and Ethereum co-founder Joseph Lubin. This firm played a key role in a deal where ConsenSys <a href="https://consensys.io/blog/consensys-acquires-quorum-platform-from-jp-morgan" rel="noopener noreferrer nofollow">acquired</a> JPMorgan’s Quorum, which was developing the JPMCoin.Deaton added that during Hinman’s deposition, he admitted to <a href="https://x.com/EMPOWR_us/status/1687195648456843264?s&#61;20" rel="noopener noreferrer nofollow">initiating contact</a> with Lubin to discuss Ethereum. Although he could not recall if Clayton had suggested this outreach, Hinman confirmed that Clayton inquired more than once about his meetings with Ethereum representatives. This has led to speculation about Clayton&#39;s interest in these discussions.Read full article at <a href="https://cryptotale.org/xrp-lawyer-highlights-potential-conflicts-of-interest-among-former-sec-officials/" rel="noopener noreferrer nofollow">CryptoTale.</a>

XRP Lawyer Highlights Potential Conflicts of Interest Among Former SEC Officials

CryptoTale

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