XRP Army Applauds As SEC Nears End Of ‘ETH Gate’ Investigation
Summary
The SEC is reportedly concluding its investigation into conflict of interest allegations, particularly regarding Ethereum regulation. The investigation, known as ‘ETH Gate,’ focuses on potential financial conflicts of interest by SEC officials in cryptocurrency-related decisions. The controversy involves William Hinman's ties to a law firm and his role in guiding the SEC’s stance on cryptocurrencies. Empower Oversight is ready to sue the SEC if it doesn’t produce documents by February 23. The XRP community is cautiously optimistic about the investigation's impact. The crypto community awaits the OIG's final report for potential effects on future crypto regulation. XRP traded at $0.56954 at press time.
