{"id":599567,"date":"2023-01-20T17:49:20","date_gmt":"2023-01-20T23:49:20","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/20\/ripple-will-eventually-win-against-the-sec-atty-john-deaton\/"},"modified":"2023-01-20T17:49:20","modified_gmt":"2023-01-20T23:49:20","slug":"ripple-will-eventually-win-against-the-sec-atty-john-deaton","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/20\/ripple-will-eventually-win-against-the-sec-atty-john-deaton\/","title":{"rendered":"Ripple Will Eventually Win Against The SEC: Atty. John Deaton\u00a0"},"content":{"rendered":"
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Popular blockchain lawyer and founder of crypto-laws.us, John E. Deaton, has made strong statements regarding the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC) on the sale of XRP.<\/p>\n

In response to a speech by Ripple CEO Brad Garlinghouse, who blamed the SEC for classifying Ethereum as a non-security and Ripple as a security, Deaton stated that the SEC will not be granted summary judgment on whether Ripple executives engaged in illegal XRP sales.<\/p>\n

Deaton argues that the SEC should have informed Ripple executives that XRP is a security during the three meetings they had. As a result, the blockchain lawyer believes that the jury will have an easy time deciding against the SEC on this matter.<\/p>\n

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It is important to note that a summary judgment is a decision made by the court based on evidence and statements presented in the legal pleadings without a full trial. When challenged in the comment section that Ripple should have taken advice from its legal team on whether XRP is a security or not, Deaton argued that in that case, the SEC should not have met with crypto executives, including the founders of SBF and ETH.<\/p>\n

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\u201cAccording to your logic, the SEC should never have meetings with w\/companies at all. Why did the SEC meet 3X with SBFraud? Why did it meet ETH founders 4-6X in 5 months? Why did the SEC agree to meet 3 times w\/Garlinghouse and Ripple? The point is that a jury would hear the evidence,\u201d Deaton argued<\/a>.<\/p>\n<\/blockquote>\n

Previously, Deaton noted that the SEC lawsuit ought to have classified XRP as security or non-security before 2018.<\/p>\n

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If SEC enforcement lawyers (the experts who determine what is or isn\u2019t a security) couldn\u2019t make the case #XRP<\/a> was definitely a security as late as 2018 there\u2019s no way it can prove Larsen and Garlinghouse were reckless in 2013 (or beyond).<\/p>\n

\u2014 John E Deaton (@JohnEDeaton1) February 23, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Moreover, the SEC allowed publicly traded companies Coinbase Global and MoneyGram to sell XRP to investors. As such, Hinman ought to have classified XRP as a non-security together with ETH in his speech according to Deaton.<\/p>\n

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3) Clayton & Hinman didn\u2019t communicate #XRP<\/a> was a security during meetings until 4 months before the lawsuit;<\/p>\n

4) The SEC allowed it\u2019s staff to own or trade #XRP<\/a> w\/o restriction up until 2019; and<\/p>\n

5) It allowed MoneyGram to sell #XRP<\/a> to retail holders (through (exchanges).<\/p>\n<\/div>\n

\u2014 John E Deaton (@JohnEDeaton1) February 23, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n<\/div>\n

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Nidhi Kolhapur<\/a><\/h3>\n

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

Popular blockchain lawyer and founder of crypto-laws.us, John E. Deaton, has made strong statements regarding the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC) on the sale of XRP.In response to a speech by Ripple CEO Brad Garlinghouse, who blamed the SEC for classifying Ethereum as a non-security and Ripple as a<\/p>\n","protected":false},"author":1,"featured_media":599568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33048,25213],"tags":[],"class_list":{"0":"post-599567","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eventually","8":"category-ripple"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/599567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=599567"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/599567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/599568"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=599567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=599567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=599567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}