The XRP community has been eagerly – or anxiously – anticipating the date the SEC lawsuit against Ripple Labs will continue into 2022. Although it was scheduled to take place around January 19, XRP investors were prepared. Be prepared to make sure their voices are heard.
Cryptocurrency attorney John Deaton, who represents more than 50,000 XRP holders in the lawsuit, has become a familiar presence in the space. However, an admission on Twitter surprised many of his own followers.
Top three reunions
In a Twitter thread where he is discussing his goals for the SEC and Ripple case, Deaton remind everyone that he also holds Bitcoin and Ether.
These reviewers are likely #ETH holders and do not want attention on their investment. But I am also the holder #ETH. The Judge himself clarified the SEC’s handling and analysis of #Bitcoin and #ETH relevant to the Court’s analysis of #XRP according to Howey and Fair Notice.
– John E Deaton (@JohnEDeaton1) January 7, 2022
Naturally, this came as a shock to many, as one thorny issue in the case was the question of whether senior SEC officials communicated with Ethereum-related stakeholders, this may or may not constitute a conflict of interest.
For his part, Deaton pointed out the difference between Ether assets and individuals linked to Ethereum. He speak,
“Some of you have DMed me to say you appreciate my efforts but you are disappointed in me because I didn’t sell. #ETH based on what we have learned. Judge Castel, on Telegram, said the best: Cryptocurrencies and digital assets are simply “alphanumeric codes”. “
He more,
“But what we do NOT want is for the SEC to simply try to cover up its ass publicly and serve @ethereum Platform and @ConsenSys or @VitalikButerin or @ethereumJoseph with a subpoena to @GaryGensler can claim he is fair. ”
Deaton emphasized that his goal is Clear rules, to get the judge’s ruling that XRP Not a security.
Uniting us, dividing us…
Earlier, Deaton reminded his audience that turning the SEC case into an Ether vs XRP case is dangerous. The crypto attorney noted that a win for Ripple would benefit alts as a whole and make it easier for the next company to confront the SEC in court.
Who is the enemy?
Some have accused me of doing @Ripple case about #XRP 🆚 #ETH. That’s b/c I wrote the Event Timeline and #Ether Free Pass Memo.
But the fight against the SEC. Like it or not, ironically, XRP and ETH are on the same side in the SEC case.– John E Deaton (@JohnEDeaton1) November 15, 2021
Create a big “Fife”
On January 6, the SEC submitted a filing using the results of another case to bolster its own pending motion to attack Ripple’s Fair Notices Defense. The move sparked a storm of reactions as XRP holders tried to guess how the outcome of the SEC and John M. Fife affair could affect Ripple’s own defense in the weeks next.