FOIA Request Casts Light on SEC’s Cryptocurrency Approach

• Empower Oversight is working to enhance accountability within the SEC.
• They initiated a recent FOIA request regarding the SEC’s approach to cryptocurrencies, including Bitcoin, Ether, and XRP.
• Empower Oversight focuses on promoting transparency in government actions.

Empower Oversight has initiated a noteworthy effort to enhance accountability within the Securities and Exchange Commission (SEC). This act involves a recent Freedom of Information Act (FOIA) request with the goal of shedding light on the serious matter surrounding the SEC’s approach to cryptocurrencies, specifically Bitcoin, Ether, and XRP. Empower Oversight is an organization committed to promoting transparency in government actions.

Empower Oversight Presses for Additional Crypto Communications from Clayton SEC Tenurehttps://t.co/BMOJUzDR6Y

— Empower Oversight (@EMPOWR_us) September 25, 2023

The FOIA request arises in response to statements made by former SEC Chairman Jay Clayton during his tenure. Clayton, who previously led the regulatory body, asserted that Bitcoin and Ether should not fall under the SEC’s purview as securities. Nevertheless, the SEC subsequently took legal action again…

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