Pro-XRP Lawyer Insists ‘ETH Gate’ Not Just Conspiracy As CPAC Takes Action
Summary
Bill Morgan, a pro-XRP attorney, accused the SEC of favoring Ethereum over XRP, echoing broader allegations against former SEC official William Hinman. The Conservative Political Action Conference (CPAC) has filed formal complaints against Hinman, citing potential conflicts of interest during his tenure and his role in differentiating Ethereum from securities. The complaints focus on Hinman's ties to a law firm involved in the blockchain industry and his communications with Ethereum co-founder Vitalik Buterin. This controversy has emerged amid the ongoing SEC lawsuit against Ripple Labs, which classified XRP as a security. XRP is currently trading at $0.52907.
