Pro-XRP Lawyer John Deaton Calls Out Bill Hinman Again, Here’s Reason
The post Pro-XRP Lawyer John Deaton Calls Out Bill Hinman Again, Here’s Reason appeared on BitcoinEthereumNews.com.
John Deaton, XRP holders’ lawyer in the legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), has called out Bill Hinman, the agency’s former Director of the Division of Corporation Finance. The callout hinges on how he has continued to gaslight the XRP ruling that states that the retail trading of the coin on secondary platforms is not a security. John Deaton hot take Reacting to the commentary from the Ondo Summit that Hinman participated in, the pro-crypto lawyer walked down memory lane. This was to highlight how the SEC official gave a free pass to Ethereum, a claim many in the XRP community see as true. Related In his X post, Deaton pointed out that Hinman has always represented entities with deep ties to Ethereum. He brought up the Hinman speech again as a big deal at the time to categorize Ethereum as non-security. This placed the coin at par with Bitcoin in its early days, a move that benefited mining companies like Canaan. SOMEONE BOOK BILL AND ME ON A SHOW TOGETHER Facts: Hinman, connected to ETH in significant ways, including making millions as an ongoing profit sharing partner with people representing ETH and ETH companies, on June 14, 2018, gave a speech, declaring BTC & ETH non-securities.… https://t.co/wnwpCh4LnV — John E Deaton (@JohnEDeaton1) February 8, 2025 Pointing out a series of proofs to show how biased he was while at the SEC, Deaton requested anyone in the industry to put him in a panel with Hinman. Despite Ondo Finance utilizing XRP Ledger for tokenization, community members flagged the gaslight of XRP at the summit by Hinman. XRP thriving nonetheless Despite the potential disregard for the security status of XRP, the coin is thriving at the moment. Now ranked the fourth largest digital currency,…
Filed under: News - @ February 8, 2025 2:25 pm