A lawyer and crypto legal expert says that a breach of ethics could mark the end of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs.
Attorney John Deaton points to documents uncovered by an anti-corruption watchdog Empower Oversight involving the SEC’s former Director of Corporate Finance William Hinman and a speech he made in 2018 stating that Ethereum is not a security.
According to Empower Oversight, uncovered emails suggest that Hinman knowingly had a conflict of interest in making the speech before delivering it. If proven, Deaton says it would spell the end of the SEC’s lawsuit against Ripple, which it filed in December of 2020 under allegations that XRP was issued as an unregistered security.
“If Hinman didn’t submit the speech