{"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\u2019s remarks, shared on X, highlighted his frustration over \u201cETH Gate\u201d and questioned the SEC\u2019s integrity regarding their investigation into Ripple when XRP was a top cryptocurrency. The timing coincided with the drafting of Hinman\u2019s 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\u2019s 2018 speech that deemed Ethereum not a security, impacting the crypto market significantly.<\/p>\n<p>Andrew Langer, Director of CPAC\u2019s Center for Regulatory Freedom, highlighted potential ethical issues in Hinman\u2019s actions, given his prior affiliations and the implications of his regulatory decisions. Hinman\u2019s 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\u2019s speech and Ethereum\u2019s market status, citing emails with Ethereum\u2019s founder and Hinman\u2019s past firm\u2019s involvement with the Enterprise Ethereum Alliance.<\/p>\n<p>These revelations, uncovered during the SEC\u2019s 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}]}}