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The U.S. Securities and Exchange Commission (SEC) has released the Office of Inspector General's (OIG) report regarding former Corporation Finance Director Bill Hinman's 2018 speech on Ethereum. The report, which was obtained by the watchdog group Empower Oversight, concluded that even if Hinman had a financial interest in Ethereum, it would not constitute a conflict of interest. Critics have described the report as a whitewash, arguing that it fails to adequately address concerns raised about Hinman's actions. The report's findings were heavily redacted, leading to further scrutiny of the SEC's internal processes and the influence of previous leadership on audits.
đšNEW: The @SECGov has handed over the Office of Inspector Generalâs ethics investigation into former Corporation Finance Director Bill Hinman to watchdog group @EMPOWR_us, which had sued the agency for access to the findings. In short, the SEC Inspector General concluded that https://t.co/UKtEGmROfT
HINMAN IG REPORT: the OIG claims that the decision to include ETH in Hinmanâs 2018 was âcollaborativeâ but then heavily redacts its supportive evidence from its âinvestigationâ (1/2) https://t.co/AuNQSMrjdT
The @SECGov OIG actually said that EVEN IF Hinman had a direct financial interest in ETH, his 2018 speech declaring ETH to not be a security would not amount to a conflict of interest. This was an absurd whitewash. đđ» https://t.co/yzh4gV86k4
