Share this page!

John E Deaton Profile picture
Twitter logo
10 Oct, 4 tweets, 5 min read
Why would someone who dislikes @Ripple or @bgarlinghouse and doesn’t own #XRP want to join the fight against the SEC?

Read the Complaint filed by the SEC and ignore the noise it intentionally alleges in order to distract and divide. Thank God the judges are paying attention.👇
In the Order granting #XRPHolders amici, the Court takes notice of the absurd allegation that Ripple created the secondary market for XRP AND because exchanges sold the XRP that Ripple sold to them to the public we ALL entered into a common enterprise with Ripple AND each other🤦‍♂️
Skeptics will argue the Court misunderstands what the SEC is alleging. But the Court is 💯 on 🎯

Below are actual paragraphs from the Complaint. The over-broad far-reaching allegations could be applied to any crypto asset, including #Bitcoin
It’s both absurd and dangerous.⛔️
Ripple’s critics need to get past their bias and recognize what more than 38,000 people have already recognized:

THIS CASE IS MUCH BIGGER THAN RIPPLE AND XRP.

Some journalists recognize this reality. @CGasparino @EleanorTerrett @LizClaman @AngieTVLau
@EricLiptonNYT
@sheelahk

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with John E Deaton

John E Deaton Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @JohnEDeaton1

John E Deaton Profile picture
11 Oct
#XRPHolders 🆚 @SECGov 🆚 @Ripple

THESE ARE THE FACTS AND THEY ARE NOT IN DISPUTE:

Mar. 23, 2017: Clayton agrees to recuse himself from voting on any matter related to his law firm’s (Sullivan & Cromwell) clients;

Nov. 30, 2017: Lubin & Consensys announce the Brooklyn Project
Dec. 13, 2017: Hinman has a meeting w/ Lubin & Consensys and lawyers from Sullivan & Cromwell (Clayton’s law firm);

Dec. 14, 2017:
Matt Corva of Consensys (along w/ lawyers from Sullivan & Cromwell) state that they are building an alliance with the SEC;
Jan. 25, 2018: Clayton meets with Andreesen & Horowitz and instructs them to put together a group and write up a memo. Perkins Coie, a member of the EEA, leads this group of Ether investors;

Mar. 12, 2018: @bgarlinghouse speaks publicly about Ripple using #XRP to replace SWIFT;
Read 25 tweets
John E Deaton Profile picture
11 Sep
WHO REVIEWED & HELPED WRITE THE HINMAN SPEECH?

Who was on the 63 emails that included a draft of the speech?

Where is Hinman’s public calendar?

Who purchased large quantities of #Ether between December 2017 to June 13, 2018?

$10k in #ETH ICO = a net worth more @GaryGensler👇
@ethereumJoseph received 9.5% of #ETH as a co-founder.

Everyone knows @VitalikButerin and Lubin held an ICO through crowdfunding which was without a doubt an unregistered securities offering.

Where was @SECGov?

Where is outrage from those that attack @Ripple & #XRP?
One River bet $1 billion on #BTC and #Ether in October 2020. Two months later on his last day at the @SECGov, Clayton directs the enforcement action against @Ripple and #XRP. Twelve weeks later, Clayton joins One River.

Clayton’s law firm represented Lubin and #Consensys.
Read 25 tweets
John E Deaton Profile picture
3 Sep
Consider the following:

Clayton and Hinman worked closely together before the @SECGov. Clayton brings Hinman on board to join him and the #SEC.

Joe Lubin @ethereumJoseph is co-founder of #Ether and founder of #Consensys.

Clayton’s law firm represented Lubin and #Consensys.
Hinman’s law firm was on the Board of the #EtherAlliance and represented clients involved with the #Ethereum Foundation.

Hinman met with Lubin and Consensys prior to his June 14, 2018 #BTC and #Ether are not securities speech.

Lubin was part of the Hinman speech conference.
In October 2020 One River makes a $1 billion bet on #BTC & #Ether.

2 months later on his last day at the SEC Clayton directed the filing of the enforcement action against @Ripple @bgarlinghouse & @chrislarsensf asserting the ridiculous claim that even Today’s #XRP is a security
Read 7 tweets
John E Deaton Profile picture
3 Sep
In the Hinman deposition it is mentioned that attorney Brian Rabbit was present at a meeting between Hinman & Clayton and @bgarlinghouse and @JoelKatz.

Attorney Rabbit was Senior Policy Advisor to Chairman Clayton at the time. Meet Brian Rabbit 👇
jonesday.com/en/lawyers/r/b…
Attorney Rabbit was at this meeting wherein Brad Garlinghouse informs Clayton that @Ripple was living in “purgatory” because of the lack of clarity regarding whether #XRP is or is not a security. Of course, Clayton never responded back to Garlinghouse that #XRP is a security.
The only thing more ridiculous than the @SECGov claiming today’s #XRP is a security is the @SECGov’s argument that the Hinman speech was only his personal opinion and not meant to be guidance by the #SEC.

@digitalassetbuy found Brian Jackson discussing the Hinman speech.
Read 4 tweets
John E Deaton Profile picture
2 Sep
@digitalassetbuy and #XRPCommunity add this to the mounting evidence regarding conflicts of interest and self-dealing.

It appears Hinman sent his speech to only one commissioner - Jay Clayton.

Why wouldn’t he get input from #CryptoMom @HesterPeirce?

[see Hinman testimony]👇
He said he didn’t “feel the input was worth the extra delay.”

He didn’t seek input from the commissioner who arguably is the most interested and most familiar with the digital asset space and who recommended a Safe Harbor provision for the asset class? Yea, makes perfect sense.
We already know that Hinman’s law firm Simpson Thatcher was on the Board of the #EthereumAlliance.

And now from the testimony above we know which law firm represented Joe Lubin and Consensys during all this suspicious activity:

Jay Clayton’s law firm, Sullivan & Cromwell. Wow!
Read 4 tweets
John E Deaton Profile picture
26 Aug
This is significant evidence in @SECGov 🆚 @Ripple & and even more significant evidence in #XRPHolders 🆚 @SECGov.

@CRYPTOcounselo2 does a great job summarizing the relevant statements and admissions contained in the video shared. Read the thread.

Some additional thoughts:
Amy Starr is likely one of the fact witnesses from the #SEC that #Ripple elected to depose in addition to William Hinman.

Her name was brought up in the Hinman deposition. See pic 👇

In the Consensus 2019 video Amy states “we have people that really understand the technology.”
Amy Starr states that at the #SEC “we developed an expertise” in blockchain technology and that at the #SEC “we participate internationally.”

Why is this all significant? One, #XRP was internationally recognized as a non-security!

Two, the #SEC was an expert and understood
Read 15 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @JohnEDeaton1 has new unrolls!

Check out other threads from @JohnEDeaton1!

Read all threads by @JohnEDeaton1

:(