The post Pro-XRP Lawyer Claims the SEC ‘Played Dirty’ in the Lawsuit Against Ripple: Details appeared on BitcoinEthereumNews.com.

TL;DR Ripple’s lawsuit with the SEC remains unresolved, with the agency accused of unethical tactics, including harassing the company’s CEO. Pro-crypto SEC leadership changes could favor Ripple, though the case’s complexity calls for cautious optimism. The SEC Pushed ‘Ethical Limits’ The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) is among the most intriguing topics in the crypto space. It all started in December 2020 when the agency sued the company, its CEO Brad Garlinghouse, and co-founder Chris Larsen, accusing them of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The two entities have been throwing punches at each other in the following years, and despite the numerous developments and court rulings, the case remains ongoing. According to John Deaton (an American lawyer representing thousands of XRP investors in the aforementioned lawsuit), the SEC “played dirty” and pushed “ethical limits” in the process. He claimed that the Commission’s attorneys “engaged in abusive discovery tactics, threatening and harassing Ripple’s overseas customers, investors, and partners.” “Despite having the records of every XRP transaction made by Garlinghouse, the SEC attempted to subpoena all of Brad’s, and his family’s, personal financial records, including credit card statements. It was an attempt to bully, threaten, and coerce Garlinghouse (and Ripple) into submitting to the all powerful SEC,” he added. Deaton, though, maintained that the company’s CEO endured the pressure, fought back “every step of the way,” and eventually won.  “I love America because two years and one Presidential election later, the future couldn’t look more bright for an industry, company and CEO,” the lawyer concluded. It is worth mentioning that Deaton’s post was accompanied by a photo of Garlinghouse, the newly elected president of the USA, Donald Trump, and Ripple’s CTO Stuart Alderoty, who recently had…

---

Filed under: News - @ January 8, 2025 1:28 pm