The SEC erases William Hinman from the Ethereum Conflict ProBe, but critics are still unclear.

After a long legal fight, Empower Destroud received a report from the SEC inspection office. When Ethereum said that Ethereum was not security, the former SEC official William Hinman had a conflict.

At that time, HINMAN was still paid by a former law firm connected to Ethereum.

William Hinman of Ether Leeum decision

In May 2022, Empower Destrousight asked OIG to investigate the financial relations of HINMAN, representing Ethereum, a major cryptocurrency participant with former law firm Simpson Thacher. In the 2018 speech, Hinman said Ethereum was not security.

It was not the answer. The key point is that Simpson Thacher is still paying. The report also mentioned that his financial relationships were properly disclosed and personally did not enrich themselves.

But the supervisor was not satisfied. They argued that the probe was too limited because it had a wide range of questions about how the SEC handled general conflicts and a wide range of questions about which encryption company aims to be aimed at.

“The SEC OIG missed a greater problem, focusing on whether a criminal prosecution should be raised for Hinman. Inadequate transparency and lack of unclean faith in the perfection of the decision of cryptocurrency have eroded the public’s trust in the institution.The poster said.

On December 9, 2024, OIG answered very narrow questions. Did Hinman violate criminal interests?

It was not a response. He reported that he had to struggle to publish the foundation. Despite cooperation with SEC to restore some of the legal costs, powerful directors continue to demand more openness and responsibility.