Nonprofit watchdog group Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to demand the release of a report on ethical conflicts and selective enforcement within the agency. The report, which was completed by the SEC Office of Inspector General over a year ago, examines potential conflicts of interest involving former Director of the SEC's Division of Corporate Finance, William Hinman, and his ties to his former law firm, Simpson Thacher. The lawsuit seeks transparency and clarity on the SEC's decision-making regarding cryptocurrencies. Empower Oversight has been advocating for greater transparency from the SEC and has previously filed lawsuits to access related documents. The group's president, Tristan Leavitt, criticized the SEC's delays in releasing the report and emphasized the importance of transparency in the regulation of cryptocurrencies.



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