In a recent live video, John Deaton, the founder and host of Crypto Law, called on the SEC to release the long-awaited report on former SEC official William Hinman’s controversial 2018 speech. The speech, which gave Ethereum regulatory approval, has raised serious concerns about potential conflicts of interest within the SEC.
What’s the problem?
Empower Oversight, an independent watchdog group, had asked the Office of Inspector General (OIG) to investigate possible conflicts of interest related to Hinman’s speech. The investigation has been completed and the report has been sent to SEC Chairman Gary Gensler. However, it has not been made public yet.
Deaton’s message to the SEC
In response to the delay, Deaton, who represents 75,000 XRP holders in the Ripple case, took action by calling the SEC chairmanship directly. In a respectful but strong message, he asked Gensler to release the report within the next ten days. He also pointed out that the findings are of great interest to the public, especially those following the Ripple case.
Deaton’s message was clear:
“This is a respectful request to you to make the report public. 75,000 XRP holders are waiting for this.”
A call to action
Deaton encouraged others to join him in pushing for transparency. He urged people to call or send emails to the SEC to ask for the report’s release. The goal is to send a clear message that the public deserves to know what’s in the report.
Gensler will step down as SEC chairman on January 20, the same day as Donald Trump’s inauguration. Paul Atkins will take over as the new head of the SEC. As the deadline approaches, the crypto community is rallying in hopes that the SEC will release the Hinman Report and ensure government actions are held accountable.