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Empower Oversight Sues US SEC Over Selective Enforcement On Crypto

Empower Oversight Whistleblowers & Research (EMPOWR) has filed a complaint against the US Securities and Exchange Commission (SEC) over alleged selective enforcement on crypto market businesses by top agency officials. The organization filed a complaint in the United States District Court for the District of Columbia seeking to compel the SEC to comply with a December 2022 Freedom of Information Act (FOIA) request regarding conflicts of interest by high level officials in the agency.

The complaint pertains to an August 2021 request from Empower Oversight that sought “all communications between senior SEC officials and their former and future employers and related entities regarding cryptocurrencies.” The allegation is that there was a possibility of conflict of interest between the SEC officials, which explains the request for communications.

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