The article discusses fresh allegations of conflicts of interest within the United States Securities and Exchange Commission (SEC) in relation to the ongoing legal battle between Ripple Labs and the SEC. The allegations are centered around two senior officials at the SEC who played significant roles in the XRP lawsuit and later left the commission to join law firms. These departures have raised concerns about potential bias and conflicts of interest within the SEC, particularly regarding its enforcement actions against the cryptocurrency industry. The article also mentions how the SEC has targeted major cryptocurrency exchanges with charges of securities law violations, while critics argue that the SEC shows leniency towards Wall Street giants. The article highlights a statement made by a former SEC director stating that Ethereum should not be considered a security, which has further raised questions about conflicts of interest within the SEC. The Ripple lawsuit continues to be closely observed and debated within the cryptocurrency community and beyond.
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