John Deaton Blasts SEC; To Be Amicus Counsel in SEC vs Ripple
The post John Deaton Blasts SEC; To Be Amicus Counsel in SEC vs Ripple appeared on BitcoinEthereumNews.com.
In the latest development on US Securities and Exchange Commission(SEC) vs Ripple case, Republican candidate and Pro-crypto lawyer John Deaton has stepped up to appear as an amicus counsel for Ripple (XRP) holders. According to the post by Fox journalist, Eleanor Terrett: 🚨NEW: A filing for an appearance of amicus counsel in the Second Circuit rendition of @SECGov vs. @Ripple has just appeared on the docket. 👇🏼 “Senate race or not, I don’t walk away from what I started,” @JohnEDeaton1 tells me. pic.twitter.com/bQrlSHVFgF — Eleanor Terrett (@EleanorTerrett) October 24, 2024 It is worth mentioning that the screenshots accompanying the post shows that the case was docketed on October 23, 12:4 PM EDT. Courtesy: X John Deaton has commented on his move, “Judge Torres, a lifelong Democratic Judge, who @SenGillibrand fought to get on the bench, appointed by @BarackObama, unequivocally ruled “XRP itself is NOT a security” and sales of XRP, on exchanges like @coinbase, are LEGAL.” Calling out SEC Chair Gary Gensler and current government, Deaton said that “XRP is so LEGAL, @chrislarsensf, who was PERSONALLY SUED, by the @SECGov (along with @bgarlinghouse), over personal sales of XRP, just DONATED millions of XRP to @VP through @coinbase, which is ALSO BEING SUED by the same rogue out-of-control SEC, led by an unethical, corrupt Chairman in @GaryGensler.” Deaton went on to blast SEC and said that SEC is suing Coinbase with allegations of Coinbase’s business model being illegal because it allows XRP transfers to other users, “similar to the transfer of XRP made to the Vice President of the United States of America”. Deaton further pointed out the discrepancies in SEC’s allegations as two years prior to alleging Coinbase is running an illegal business, the same SEC, after learning the specifics of Coinbase’s business model, claimed that accelerating Coinbase’s IPO was…
Filed under: News - @ October 25, 2024 2:25 am