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On January 1, 2021 - 9 days after the @SECGov sued @Ripple claiming ALL #XRP are securities including XRP sold independent of Ripple, I sued the SEC and argued the following:
“The issue before the Court and the public is that if the SEC actually attempts to incorporate [SEC’s]
“The issue before the Court and the public is that if the SEC actually attempts to incorporate [SEC’s]
public definitions and argue that today’s XRP is a security, it is a slippery slope that the SEC is going down. If the SEC does not amend its Complaint to only include alleging that specific XRP distributions, made by Ripple or its Executives, in the early days of Ripple and XRP,
then the entire Digital Asset Industry is on notice that the SEC could be coming for your Crypto next. This regulation by enforcement approach applied to Crypto, almost a decade later, must not be allowed by the Courts.”
-Deaton 🆚 @SECGov, Writ of Mandamus, January 1, 2021.
-Deaton 🆚 @SECGov, Writ of Mandamus, January 1, 2021.
