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John E Deaton Profile picture
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24 Feb, 4 tweets, 3 min read
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.”
cointelegraph.com/news/ripple-ra…

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More from @JohnEDeaton1

John E Deaton Profile picture
23 Feb
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.
Read 16 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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