SEC Clears Bill Hinman of Ethical Violations, Dismissing Financial Ties Claim

In a move to clarify the situation surrounding former SEC Director of Corporate Finance Bill Hinman’s Ethereum speech in 2018, the U.S. Securities and Exchange Commission (SEC) has officially dismissed allegations of ethical violations. The investigation stemmed from documents released under the Freedom of Information Act by Empower Oversight which raised concerns about potential financial ties between Hinman and his legal firm at the time, Simpson Thacher & Bartlett LLP. ]