Former SEC Director Bill Hinman is being accused of favoring Ethereum (ETH) during his tenure at the SEC. The allegations have resurfaced due to John Deaton, a pro-crypto advocate, highlighting Hinman's conflicts of interest. According to Deaton, Hinman made millions through ongoing profit-sharing agreements with entities associated with ETH. Deaton argues that Hinman's speech declaring Ethereum and Bitcoin as non-securities contradicts SEC regulations and raises ethical concerns. Hinman's connections to Ethereum's core supporters, including meetings with Vitalik Buterin, and the rumored involvement of lawyers from venture capital firm Andreessen Horowitz in drafting his speech have also raised suspicions. The allegations against Hinman are further fueled by his current position at Andreessen Horowitz.



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