XRP Lawyer Challenges SEC Charges on Ripple CEO on Ripple and SEC Legal Battle
In the Ripple and SEC lawsuit, XRP lawyer John E. Deaton contests the SEC’s charges against Ripple CEO Brad Garlinghouse, asserting that former SEC officials Bill Hinman and Jay Clayton’s potential testimonies could have revealed XRP’s non-security nature, with Deaton advocating for their involvement in the case.
In the ongoing legal battle between the Ripple and SEC (U.S. Securities and Exchange Commission), XRP lawyer John E. Deaton is arguing against the SEC’s decision to charge Ripple CEO Brad Garlinghouse with aiding and abetting. (PHOTO: Cryptopolitan)
XRP Lawyer Challenges SEC’s Charges Against Ripple CEO Amid Ongoing Ripple and SEC Legal Battle, Citing Oversight of Former SEC Officials’ Testimony
In the ongoing legal battle between the Ripple and SEC (U.S. Securities and Exchange Commission), XRP lawyer John E. Deaton is arguing against the SEC’s decision to charge Ripple CEO Brad Garlinghouse with aiding and abetting. According to CoinGape, Deaton believes this was a mistake, as former SEC officials Bill Hinman and Jay Clayton’s testimony could have shown that XRP was not a security from the start. However, the SEC intentionally ignored this classification for a long time.
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Deaton Backs Hinman and Clayton Testimony in Ripple and SEC Case to Potentially Expedite XRP’s Security Status Resolution; XRP Price Reacts Amid Legal Developments
Deaton supports the idea of Hinman and Clayton testifying in the Ripple and SEC case. He thinks their clarification could have saved time and money by resolving the security status of XRP earlier, as reported. Jay Clayton’s involvement in Ripple and SEC case is notable because he met with Ripple’s top executives when XRP’s legal status was uncertain. Despite Ripple’s concerns mentioned during the meeting, neither Clayton nor Hinman addressed whether XRP was a security.
XRP’s price has been sensitive to these legal developments. According to Cointelegraph, there were concerns that the price could drop if it didn’t hold above $0.50. However, the cryptocurrency recently showed a 2% price increase, reaching $0.52. Despite this, trading volume decreased over the past day. People are closely watching how the Ripple and SEC legal case unfolds, as it could impact Ripple, XRP’s status, and the wider cryptocurrency regulatory landscape.
