This FOIA Complaint Against SEC May Free XRP
The latest update in the securities fiasco saw the nonprofit organisation, Empower Oversight file a Freedom of Information Act (FOIA) complaint against the SEC in regards with its potentially illegal market manipulation to hike Ethereum and Bitcoin, while slashing the price for XRP with a lawsuit.
#XRPCommunity #SECGov. v. #Ripple #XRP @EMPOWR_usBelow is a copy of the FOIA Complaint filed by Empower Oversight in its lawsuit against the SEC in federal court in Virginia. Paragraph 2 provides a short summary of the basis for the lawsuit.https://t.co/3Su7L4Blbx— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) December 10, 2021
The plaintiff has appealed the court to compel the SEC for discovery of all records maintained by the SEC, including conversations between Hinman and the ETH alliance – Simpson Thatcher, and the Ethics Office. Furthermore, the complaint also appealed for all record of discussions between the former SEC official, Marc P. Berger and Simpson Thatcher, along with the Ethics Office, and at last, XRP lawsuit official, Clayton and One River and the Ethics Office.
The Trail of SEC Secrets
While the combinations may be complex, but the crux of the case is rather simple, which is to determine that the SEC and its officials were allegedly part of illegal market manipulation, for both, hike and crash of three cryptocurrencies, by categorising them as either cryptocurrencies, or securities. The plaintiff’s letter provided a detailed chronology of why it is possible that the SEC intentionally planned and plotted the entire thing –