{"id":12624,"date":"2024-05-29T07:12:05","date_gmt":"2024-05-29T07:12:05","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/pro-xrp-lawyer-insists-eth-gate-not-just-conspiracy-as-cpac-takes-action\/"},"modified":"2024-05-29T07:15:46","modified_gmt":"2024-05-29T07:15:46","slug":"concerns-raised-about-secs-alleged-favoritism-towards-ethereum-over-xrp","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/concerns-raised-about-secs-alleged-favoritism-towards-ethereum-over-xrp\/","title":{"rendered":"Concerns Raised About SEC&#8217;s Alleged Favoritism Towards Ethereum Over XRP"},"content":{"rendered":"\n<p>In a recent social media post, a prominent pro-XRP attorney named Bill Morgan criticized the Securities and Exchange Commission (SEC) for perceived bias towards Ethereum at the expense of XRP. These claims are part of a wider controversy involving former SEC official William Hinman, which has prompted formal complaints from the Conservative Political Action Conference (CPAC).<\/p>\n<p>Morgan&#8217;s remarks, shared on X, highlighted his frustration over &#8220;ETH Gate&#8221; and questioned the SEC&#8217;s integrity regarding their investigation into Ripple when XRP was a top cryptocurrency. The timing coincided with the drafting of Hinman&#8217;s speech, raising concerns about regulatory misconduct.<\/p>\n<h2>CPAC Backs XRP Advocates<\/h2>\n<p>The CPAC Foundation, through its Center for Regulatory Freedom, has filed complaints with the New York and California Bar Associations against William Hinman, a former SEC official. This move follows the intensified scrutiny surrounding Hinman&#8217;s 2018 speech that deemed Ethereum not a security, impacting the crypto market significantly.<\/p>\n<p>Andrew Langer, Director of CPAC&#8217;s Center for Regulatory Freedom, highlighted potential ethical issues in Hinman&#8217;s actions, given his prior affiliations and the implications of his regulatory decisions. Hinman&#8217;s shift from a law firm with ties to blockchain to the SEC raised questions about conflicts of interest.<\/p>\n<p>The complaint by CPAC emphasized the connections between Hinman&#8217;s speech and Ethereum&#8217;s market status, citing emails with Ethereum&#8217;s founder and Hinman&#8217;s past firm&#8217;s involvement with the Enterprise Ethereum Alliance.<\/p>\n<p>These revelations, uncovered during the SEC&#8217;s legal battle with Ripple, underscore discrepancies in the treatment of XRP and Ethereum. Critics argue that Ethereum received more leniency, further fueling the debate around regulatory fairness.<\/p>\n<p>Currently, XRP is being traded at $0.52907.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent social media post, a prominent pro-XRP attorney named Bill Morgan criticized the Securities and Exchange Commission (SEC) for perceived bias towards Ethereum at the expense of XRP. These claims are part of a wider controversy involving former SEC official William Hinman, which has prompted formal complaints from the Conservative Political Action Conference [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12625,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Concerns Raised About SEC's Alleged Favoritism Towards Ethereum Over XRP - Bitrabo","description":"In a recent social media post, a prominent pro-XRP attorney named Bill Morgan criticized the Securities and Exchange Commission (SEC) for perceived bias towards"},"footnotes":""},"categories":[316],"tags":[1595,3207,4443,902,2638,4442,1025,1024,1256],"class_list":["post-12624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-action","tag-conspiracy","tag-cpac","tag-eth","tag-gate","tag-insists","tag-lawyer","tag-proxrp","tag-takes"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12624"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12625"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}