The XRP community eagerly – or eagerly – awaits the resumption of the SEC’s lawsuit against Ripple Labs in 2022. Although it is due around January 19th, XRP-investors are already gearing up to make sure their voices are heard.
John Deaton, a crypto lawyer who represented over 50,000 XRP-holders during the trial, has become a familiar presence in the space. However, a confession on Twitter took many of his own followers by surprise.
a top three reunion
In a Twitter thread where he was discussing his goals for the SEC vs. Ripple case, Deaton reminded people That he also had bitcoin and ether.
These critics are likely #ETH holders and do not want to lose sight of their investment. But I’m also a holder of #ETH, Judge himself clarified SEC’s treatment and analysis #bitcoin And #ETH are relevant in relation to the analysis of the Court #XRP Howe and Fair Notice.
— John E Deaton (@johnedton1) 7 January 2022
Naturally, this came as a shock to many, as a burning issue during the case was whether senior SEC officials had exchanges with Ethereum-related stakeholders citing conflicts of interest. would have been formed.
For his part, Deaton pointed to the distinction between ether assets and those associated with ethereum. She said,
“Some of you DM me saying you appreciate my efforts, but you’re down on me because I haven’t sold my #ETH Based on what we have learned. Judge Castel on Telegram said it best: Cryptocurrencies and digital assets are just “alphanumeric codes.” ,
She couple,
,But what we don’t want is that the SEC just publicly tries to cover its ass and serve @ ethereum Foundation and @ConsenSys or @Vitalikbuterin or @ ethereum joseph with a summons @garrigensler can claim that he is impartial.”
Deaton insisted that his goal was regulatory clarity, to obtain a judge’s decision that XRP was No the protection.
We stand united, divided…
Earlier, Deaton reminded his audience that it was dangerous to convert the SEC lawsuit to Ether vs. XRP. The crypto lawyer noted that Ripple’s win would benefit the entire coin, and help make it easier for the next company to face the SEC in court.
Who is the enemy?
some have accused me of making @ Wave case about #XRP I #ETH, This is b/c I wrote the facts timeline and #ether Free Pass Memo.
But the fight is against the SEC. Whether we like it or not, the irony is that XRP and ETH are on the same side in the SEC case.— John E Deaton (@johnedton1) November 15, 2021
Making a Big “Fife”
On January 6, the SEC submitted a filing that used the results of another case to strengthen its own pending motion to strike Ripple’s Fair Notice defense. When XRP-holders tried to speculate that the SEC and John M. Between Fife on how the outcome of the case could affect Ripple’s own defense in the coming weeks, the move sparked a flurry of reactions.