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23 Feb, 16 tweets, 10 min read
SEC vs. RIPPLE: WHY?

Based on the recent revelations coming from the PreTrial Hearing articulated by @XRPcryptowolf, I intend to repost my Tweet Threads discussing the possible corrupt motives behind Jay Clayton authorizing the @SEC_Enforcement action against @Ripple,
@bgarlinghouse and @chrislarsensf.

Please understand that the possible alternative corrupt motives that I discuss isn’t me just Tweeting things that people want to hear or for attention - as a few have claimed. The corrupt alternative motives I discuss in my tweets are actually
contained in my Petition for Writ of Mandamus and Memorandum of Support that I
FILED IN FEDERAL COURT.

So, to my critics, I’m not tweeting or saying anything that I’m not willing to say ON THE RECORD in OPEN COURT to a federal judge.
In fact, I usually tag @SEC_News @SEC_Enforcement @SECEnfDirector and @HesterPeirce in most of my tweets related to the Ripple case.

Also, and possibly for the 5th time, let me state that I’m well aware that Clayton needed other commissioners to vote in favor of filing the case
against Ripple. But Clayton had the discretion to drop the investigation into Apollo Group, didn’t he? He also had complete discretion to not file the Ripple
case on his last full day of employment as the SEC Chairman. The Chairman dictates policy and decides what claims or
investigations to pursue or not pursue. Why was the investigation against Apollo dropped? Is it complete coincidence that it was dropped only after Jared Kushner got a loan for a property that he could lose a billion dollars on if he
apnews.com/article/fc1ba1…
didn’t secure financing? It’s not hyperbole when I claim that SEC vs. Ripple is the most significant SEC enforcement action since the Howey case in 1946.
Below is a video of Clayton claiming he saw no need to consider blockchain
technology and Cryptocurrencies any different than any other asset when determining what constitutes an investment contract. He was perfectly ok with comparing orange 🍊 groves, pay ☎️s whiskey barrels and beavers 🦫 to #BTC #ETH #XRP etc.

Read the SEC’s complaint. After reading
the Complaint against Ripple, try and explain or understand how the SEC would make those accusations, yet, allow exchanges to sell and trade #XRP at the same time? FOR 7 YEARS! Even when the exchanges asked in 2019 about #XRP the SEC allowed it to be traded.

It appears that
between 2017-2019 multiple exchanges were requesting information about #XRP. These exchanges were doing the responsible thing by ASKING THE SEC FOR PERMISSION TO LIST #XRP!!

The @SEC_Enforcement didn’t inform these exchanges that in order to sell #XRP they must first obtain a
securities’ broker’s license. The SEC didn’t inform these exchanges that it considered #XRP a security. The SEC didn’t inform these exchanges that ONE YEAR later the SEC would file the most significant enforcement action in history regarding the most talked about topic in global
finance during the last 3 years - Digital Assets and Cryptocurrencies.

The SEC’s Mission Statement states that the SEC shall SHARE information about companies in order for investors to make informed decisions when making investments. They did not share any information about
their concerns regarding #Ripple or #XRP. Above was the 2018
@BobPisani interview of Clayton on @CNBC. Below is an interview ONE YEAR LATER in 2019 at a FinTech Conference. Clayton and @bgarlinghouse were back to back speakers at this conference. @BankXRP saw the nonsense then.
In the CNBC interview, #Ripple and #XRP are specifically brought up to Clayton. Again, he remains silent and avoids providing clarity mandated by the Mission Statement. If it was clear to him that #XRP is a security he had an obligation to share that information with the
exchanges and with the general public. So why did the SEC decide to file the case against Ripple and these two executives (while leaving @JedMcCaleb alone selling his billions of #XRP to the public) and claim that not only are past distributions of #XRP sales of unregistered
securities, but, also, absurdly claim that Today’s #XRP constitute securities? Why indeed? Standby for some possible answers. In the meantime, I wonder if that little “favor” of dropping the investigation into Apollo Group paid off for Clayton?

bloomberg.com/news/articles/…

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More from @JohnEDeaton1

John E Deaton Profile picture
24 Feb
Below is the theory that Clayton, on his way out of the door at the @SEC_Enforcement, sent a big f**k you to @Ripple @bgarlinghouse and @chrislarsensf because he was sick and tired of the reach that Ripple had with important Politicians. Ripple got the attention of Senators,
Congressmen, and National Security Advisors. I’ve personally been involved with and witnessed how you get the attention of Politicians: 💰

According to @Cointelegraph, “Ripple Labs spent $690,000 on lobbying in the United States in 2020. Ripple's lobbying program dwarfed those
of other firms in the crypto industry. Coinbase, which looks to become the first American crypto exchange to issue public shares, spent $230,000 over the same year, while other exchanges like @binance @Gemini and @krakenfx . did not report any spending on lobbying.”
Read 4 tweets
John E Deaton Profile picture
22 Feb
A side note on Apollo. It owns @claires, the accessory store for little girls (ie 6 year olds). I tested 17 different makeup products from stores in 7 different states. ALL 17 PRODUCTS CONTAINED SIGNIFICANT AMOUNTS OF ASBESTOS. See video below.

Claires and Apollo Management lied of course and said it was safe. When I informed them I would be filing a class action lawsuit for poisoning little girls, Claires filed for bankruptcy protection like the Cowards they are. Inside Edition covered the story
Just as @sentosumosaba stated in her recent video, you can be judged by the company you keep. Personally, I believe Clayton has found a home where he belongs. Although Clayton couldn’t have sued @Ripple without other votes, the Chairman dictates policy. He had the power to
Read 5 tweets
John E Deaton Profile picture
21 Feb
THE MOST SIGNIFICANT SECURITY CASE IN MODERN HISTORY

A REVIEW OF CLAIMS MADE IN @SEC_Enforcement vs. @Ripple, @bgarlinghouse, and @chrislarsensf

The @SEC_News and @SECEnfDirector along with Acting Chairwoman Herron Lee and former Chairman Jay Clayton seem to take issue,
as significant, that Ripple understood that #XRP purchasers routinely resold #XRP to other investors in the United States and other countries. See SEC First Amended Complaint p. 15, para. 88. Image
This issue of secondary market resales of Digital Assets was also
publicly discussed by Clayton on business channels such as @CNBC. In this clip below, Clayton literally says “if you trade a digital token in the secondary markets it could be a security”

cnbc.com/video/2018/06/…
Read 8 tweets
John E Deaton Profile picture
15 Feb
WHY THE SEC v. RIPPLE CASE IS THE MOST SIGNIFICANT @SEC_Enforcement CASE IN MODERN HISTORY: Part 1

In 1946 the U.S. Supreme Court handed down the seminole case of SEC v. Howey. For 75 years that case has basically set the standard in determining what constitutes a security.
The underlying asset in Howey was orange groves. The groves were plots of land that were sold to tourists. The investors purchased the lots of land, but also paid the seller money to manage the orange groves. The seller would plant the seeds, water the trees, harvest the
oranges and then sell the oranges to people and places, and the investors would share in the profits. The Supreme Court laid out a four-factor test that is now called the Howey Test in deciding whether an asset is an investment contract - also known as a security. The Howey Test
Read 25 tweets
John E Deaton Profile picture
14 Feb
WHY #BITCOIN & CRYPTOCURRENCIES MAKE SENSE TODAY
Just how much is a Trillion Dollars? Let me try and place it in perspective. A trillion dollars is thrown around today like a billion dollars was thrown around 15 years ago and like a million dollars was thrown around 30 years ago.
The first 200 years of the USA’s existence 🇺🇸 we printed ONE TRILLION DOLLARS. In 2020 we printed NINE TRILLION. 22% of the circulating USD was printed in 2020. Politicians today throw out the TRILLION DOLLAR figure like its nothing (or just like they used to do with a MILLION).
But have you actually ever tried to figure out, just how much ONE TRILLION DOLLARS really is? I’m not sure who said it but if you take the historically recognized date of the death of Jesus Christ and you calculate ONE MILLION DOLLARS PER DAY EVERY DAY UNTIL TODAY, it will not
Read 4 tweets
John E Deaton Profile picture
13 Feb
WHAT IS A CONTINGENT SETTLEMENT OFFER MEAN IN THE SEC vs RIPPLE CASE?
First, in order to understand, think about a criminal case for a minute. Let’s say the defendant is facing 25 years to life for attempted murder. A contingent plea bargain can be made by his defense attorney
to the prosecutor. The defense attorney could inform the prosecutor that the defendant will plead guilty contingent on the prosecutor agreeing that he will not have to serve more than 5 years in prison. If the prosecutor agrees, there is a deal and the defendant pleads guilty.
This type of plea bargain or settlement happens all the time. If it didn’t, the criminal justice system would come to a screeching halt. Both sides get certainty, and, arguably, justice take place. In the civil courts it’s not called a plea bargain, but, instead, it’s called a
Read 10 tweets

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