Top Ripple lawyer Stuart Alderoty has cast a spotlight on SEC impartiality amid their ongoing lawsuit, drawing attention to potential inconsistencies within the commission's stance on digital assets
Top Ripple lawyer Stuart Alderoty has brought to light the impartiality regulations that govern SEC employees, potentially implying bias in the commission's stance on different digital assets.
As Alderoty highlights, federal law, as outlined in 5 CFR 2635.101(b)(14), mandates all SEC employees to act impartially and maintain an appearance of impartiality. The question then, as posed by the law, is whether a reasonable person, equipped with the facts, would question the employees' impartiality.
These comments come in the wake of the release of the "Hinman emails," a series of exchanges between William Hinman, former director of the SEC, and members of the SEC's staff.
The emails, which were prepared for Hinman's much-talked-about speech in June 2018, tackle the classification and regulation of different digital assets. Hinman's assertion that the two largest cryptocurrencies were not securities in his view, raised eyebrows in the cryptocurrency community. Some speculated that the emails might reveal a bias favoring Bitcoin and Ethereum within the SEC.
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