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John E Deaton Profile picture
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4 Apr, 4 tweets, 2 min read
Does China 🇨🇳 and/or Alipay have any interest related to Ripple or #XRP?

Asking for a friend.

Previously, I tweeted about Clayton and Hinman being on the SEC application for Alibaba’s IPO.

Let’s look into another Lawyer who appears on that @SEC filing document:

Leiming Chen
Leiming Chen, like Hinman, was a partner at Simpson Thacher.

Leiming Chen served in the firm’s Hong Kong office, focusing on SEC-registered offerings.

A client of Simpson Thacher is Neil Shen.

Neil Shen is founding and managing partner of Sequoia China. Image
Neil Shen put forth at the Chinese People’s Political Consultative Conference the recommendation that Hong Kong create its own stable coin, which can be used for cross-border payments between China, Japan and South Korea.

theblockcrypto.com/linked/66066/s…
BTW, Leiming Chen must have impressed those at Alibaba and in China because he is no longer at Simpson Thacher.

He is now a V.P. at #AliPay.

More on Hinman’s partner in crime at the @SEC - Jay Clayton, later.

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More from @JohnEDeaton1

John E Deaton Profile picture
4 Apr
“Clayton’s family gets millions of dollars in annual dividends from WMB Holding”

His family got $4 million per year in dividends. To receive that much 💰 in dividends is equivalent to owning a $200 million in stocks that pay 2% in dividends.

wallstreetonparade.com/2018/01/wall-s…
Clayton’s wife is Gretchen Butler Clayton. The B in WMB stands for Butler. WMB owns CSC. Clayton’s father-in-law is Daniel Butler, who served as CSC’s CEO from 1975-1998. WMB and CSC share the same address.

Multiple other units of Goldman Sachs are using the same address.
Clayton’s wife was a V.P. at Goldman Sachs for 17 years when Clayton became SEC Chairman.

“There are thousands of businesses using CSC as their registered agent and using CSC’s address as their legal address.”
Read 5 tweets
John E Deaton Profile picture
1 Apr
An @SEC_Enforcement 🆚 @Ripple Thread:

The most important decision a prosecutor makes is at the very beginning when he decides who to charge and what to charge.

@MrFreshTime showed us the video of Clayton favoring going after the individual executives and not just the company.
I called it a bullying tactic.
When I was @on_the_chain recently and weeks ago I said charging @bgarlinghouse and @chrislarsensf would prove to be a mistake.

If the @SEC had sued only #Ripple, then it would be a strict liability case and all the @SEC would need to prove is
that #XRP was a security when #Ripple sold it. No need to prove any level of intent or state of mind. But by alleging that Brad and Chris aided and abetted Ripple in selling unregistered securities, the @SEC must prove:

“they knew or recklessly disregarded” that Ripple’s sales
Read 14 tweets
John E Deaton Profile picture
21 Mar
I HAVE READ THE TRANSCRIPT FROM FRIDAY’S HEARING in

@SEC_Enforcement 🆚 @Ripple @bgarlinghouse and @chrislarsensf

My honest thoughts:

First, I already believed that #XRPHolders meet the legal standard to successfully intervene. If you objectively read the 4 page pre-motion
letter (or formal motion) it’s hard to deny that we meet the 4 factors for intervention (even the haters should struggle to say we don’t). That doesn’t mean we will win the motion. The SEC will likely say that we aren’t necessary in the case because its not claiming that the #XRP
that we hold are securities and will therefore try its best to keep us out of the case.

Based on what was said, by both sides, at this hearing, however, helps prove that #XRPHolders’ interests need to be represented during the prosecution of the case.

I won’t spell it out
Read 20 tweets
John E Deaton Profile picture
20 Mar
In the Pre-motion Letter to Judge Torres we state:

Today’s XRP is a Government Recognized Form of Currency and is Utilized
by XRP Holders Completely Independent of Ripple or its Executives

If allowed to intervene, XRP Holders will demonstrate to the Court that XRP is used
around the world and in the United States as currency. Six years ago, the Financial Crimes
Enforcement Network (“FinCEN”) entered into an agreement with Ripple that XRP would be considered virtual currency and its use would be registered exclusively with FinCEN, not the SEC.
Afterwards, foreign nations started agreeing with the U.S. Government’s 2015 currency
classification of XRP, and Japan, Switzerland, the U.K. and the UAE all declared XRP as non-
securities. Since that 2015 designation as virtual currency, the use cases of XRP have exploded.
Read 8 tweets
John E Deaton Profile picture
20 Mar
NEVER BELIEVE THE FUD

Judge Torres’ local rules requires a pre-motion letter before you file a formal motion. There are a few exceptions that allow you to skip the pre-motion letter and directly file the formal motion. One exception is when you believe that a delay might impede
your interests. I filed the formal motion arguing a that a delay might impede our interests.

Judge Torres dismissed the motion to intervene because she clearly disagreed that a delay would impede our interests. But she dismissed it WITHOUT prejudice and instructed me to refile
it in accordance with her local rules - meaning I needed to file the pre-motion letter first and let @Ripple and @SEC_News respond to the letter. The media and alleged legal experts rushed to say that our motion was quickly denied and we were

cointelegraph.com/news/judge-den…
Read 15 tweets
John E Deaton Profile picture
15 Mar
WHY DO WE FIGHT?

I’m sure dozens of critics and “legal experts” will comment on our motion to intervene in @SEC_Enforcement v. @Ripple and try to tear it down.

The Writ of Mandamus was always a long shot and could even be legally described as a Hail Mary. That’s not news.
Does that mean we don’t fight and try to win? Do we say to ourselves “the game’s over, I give up?” Or, do we say “I won’t quit until this game is over and throw the Hail Mary”?

Life and people will beat you down if you allow it. Trust me, I’ve been knocked down hard by life.
But there’s only one option: get up and fight back. I’ve always said that if you put me in a ring with @MikeTyson three things will definitely happen: 1) I will step forward; 2) I will get knocked the f** out; and 3) IF I wake up, on wobbly legs, I will try to step forward again.
Read 18 tweets

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