search
Homeweb3.0Ripple (XRP) Lawyer John Deaton Slams SEC and Its Case Against XRP: They Are 'Ignoring Reality

John E. Deaton, a lawyer who represented Ripple in the case against the U.S. Securities and Exchange Commission (SEC), shared his thoughts

Ripple (XRP) Lawyer John Deaton Slams SEC and Its Case Against XRP: They Are 'Ignoring Reality

A lawyer who represented Ripple in the case against the U.S. Securities and Exchange Commission (SEC) has slammed the agency and its case against XRP.

John E. Deaton, a lawyer who represented XRP token holders in the case against the U.S. Securities and Exchange Commission (SEC), shared his thoughts on the matter in a viral tweet yesterday.

Deaton revealed that he fought against SEC Chair Gary Gensler’s agency on behalf of 75,000 XRP token holders, including 627 from his home state of Massachusetts. He goes on to say that he “did it all pro bono and spent $75,000 of [his] own money prosecuting the case.”

The lawyer expressed his frustration with the SEC’s conduct throughout the legal proceedings. “Every time I believed the SEC couldn’t degrade itself any further, the lawyers at the SEC proved me wrong,” Deaton remarked.

Deaton highlighted that a lifelong Democrat judge, appointed by former President Barack Obama, agreed with his arguments and relied on some of the evidence and briefing he provided to the court. The judge’s ruling clearly stated that XRP itself is not a security, aligning with Deaton’s predictions.

I fought @GaryGensler’s @SECGov on behalf of 75K XRP token holders, including 627 here in MA. I did it all pro bono and spent $75,000 of my own money prosecuting the case. Every time I believed the SEC couldn’t degrade itself any further, the lawyers at the SEC proved me wrong. A… https://t.co/NThDe7whb1 pic.twitter.com/TwbNlLM4ow

Several instances were also pointed out by the lawyer where the SEC faced criticism from the judiciary. These include:

Deaton went on to accuse the SEC of “ignoring reality, as well as a court ruling, to continue its unethical behavior.” He questioned the lack of outrage from senators on the Banking Committee overseeing the SEC, specifically calling out Senator Elizabeth Warren.

The lawyer concluded by drawing on his experience as a Special Assistant United States Attorney, suggesting that he had prosecuted cases of suborning perjury with less evidence than what he perceives in the current situation.

The above is the detailed content of Ripple (XRP) Lawyer John Deaton Slams SEC and Its Case Against XRP: They Are 'Ignoring Reality. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Ripple CEO Brad Garlinghouse Highlights Need for Clear Crypto Policies, Citing Mismatch Between SEC Chair Gary Gensler's Remarks and Agency's ActionsRipple CEO Brad Garlinghouse Highlights Need for Clear Crypto Policies, Citing Mismatch Between SEC Chair Gary Gensler's Remarks and Agency's ActionsAug 01, 2024 am 12:01 AM

Ripple has been in and out of the doghouse multiple times due to the SEC's breakdown on crypto, but it has always come back stronger.

How Much Will 10,000 Ripple's XRP Tokens Be Worth in 2025: Is Early Retirement Possible?How Much Will 10,000 Ripple's XRP Tokens Be Worth in 2025: Is Early Retirement Possible?Jul 31, 2024 am 09:23 AM

A video posted by Money Maker – Avi Lev, a YouTube channel with more than 120,000 followers explains how much XRP price could be worth in 2025.

Holding Just 1,000 ($600) Ripple's XRP Tokens Could 'Be Life-Changing': Here's WhyHolding Just 1,000 ($600) Ripple's XRP Tokens Could 'Be Life-Changing': Here's WhyJul 28, 2024 am 09:19 AM

YouTube channel, EDO FARINA XRP (Alpha Lions Academy), with more than 12,000 subscribers released a video to discuss how holding just 100 XRP tokens could be life-changing.

Ripple将推出美元稳定币!喊战USDT和USDC XRP应声跳涨7%Ripple将推出美元稳定币!喊战USDT和USDC XRP应声跳涨7%Apr 06, 2024 am 08:04 AM

本站(120BtC.coM):随着确定币的总市值自年初的1,303亿美元增加至现在的1,530亿美元,大幅增长227亿美元,增长17.42%,企业支付和交易网络的行业巨头Ripple宣布将进入这一繁荣领域。Ripple计划在今年稍后推出一款1:1与美元挂钩的稳定币,这款新稳定币将在以太坊以及Ripple自家开发的去中心化公链XRPLedger(XRPL)上运营,未来还将扩展至更多区块链以及去中心化金融(DeFi)协议和应用。Ripple(瑞波币)在X上展望未来确定币的需求。目前确定币市场规模超过

SEC要求瑞波交出关键文件,4月23日将举行瑞波诉讼庭审SEC要求瑞波交出关键文件,4月23日将举行瑞波诉讼庭审Jan 25, 2024 pm 09:18 PM

美国证券交易委员会(SEC)在2020年12月起诉瑞波(Ripple),称瑞波自2013年以来通过未注册的“证券”(瑞波币)进行了高达13亿美元的募资。然而,瑞波在去年7月初步获得了胜利。最终审判进度目前预计将在今年4月23日展开庭审,结果可能会对加密货币产业产生重大影响。SEC要求瑞波交出重要文件在庭审前,SEC要求瑞波交出重要文件,包括两年经审计的财报和瑞波与非员工对手方的合约。此外,SEC还要求瑞波提供起诉后收到的XRP机构销售收益的详细信息。SEC认为这些记录将提供重要信息,以证明瑞波是

Ripple Vs SEC: Judge Torres deliberates on a final ruling over penalties and injunction in the remedies phase, with reviews of potential appeals by the parties. XRP army and lawyers anticipate a decisRipple Vs SEC: Judge Torres deliberates on a final ruling over penalties and injunction in the remedies phase, with reviews of potential appeals by the parties. XRP army and lawyers anticipate a decisJul 28, 2024 am 03:14 AM

Ripple’s multiple wins have made the lawsuit probably the weakest case for the U.S. SEC, as considered by many including wealth advisor Mickle. However, as lawyers indicated, both parties could still file appeals against previous decisions.

Ripple SEC Settlement To Impact Crypto Firm’s Future OperationsRipple SEC Settlement To Impact Crypto Firm’s Future OperationsJul 26, 2024 pm 09:42 PM

XRP enthusiasts have branded the potential settlement as a “showdown.” This label has sparked a heated response from pro-XRP lawyer Bill Morgan

Ripple-SEC Ruling Today? Fred Rispoli Reinforces His Prediction That July 31, 2024 Would Mark a Significant Turning Point in the Ongoing Legal BattleRipple-SEC Ruling Today? Fred Rispoli Reinforces His Prediction That July 31, 2024 Would Mark a Significant Turning Point in the Ongoing Legal BattleAug 01, 2024 am 06:17 AM

Fred Rispoli, a prominent pro-XRP lawyer, has once again taken to Twitter to reinforce his earlier prediction that today—July 31, 2024—would mark a

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version