やトナ @やトナ - 9mo
Fun story I just stumbled across in shitcoin land called ETHgate. This story is apparently being investigated by the SEC, and all of this info is based on docs obtained through FOIA requests with the SEC: Bill Hinamn worked at law firm Simpson Thacther before going to the SEC. When he went to the SEC he continued to receive millions from the firm. He was told by the SEC’s Ethics Office in 2017 that since he had a financial interest in the firm, he had to recuse himself from all decisions that could impact the firm. Turns out that Simpson Thatcher is a member of the Enterpise Ethereum Alliance. In 2018, Hinman gave a speech in which he declared that ETH was not a security (I’m sure you’ve all heard mETH heads cite this declaration before). To make matters worse, documents obtained through FOIA show that Hinman consulted with Vitalik and Joseph Lubin (Consensys owner) when drafting the speech. All of this info was obtained by government watchdog Empower Oversight.
