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John E Deaton Profile picture
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Feb 7 • 4 tweets • 3 min read
I’ve tagged Mr. Dixon once or twice and I guarantee I was reciting 💯 provable facts. For ex, Clayton instructed Dixon to put together a crypto working group to write a memo to send to Hinman and the memo’s Safe Harbor only mentioned #ETH.

Block me, but try to prove me wrong. Image
It should be noted that I have never been disrespectful. I’ve tagged @VitalikButerin also reciting facts. For ex, when I’ve tweeted about Vitalik stopping the trading of ETH, I’ve always included that he did so w/ good and honorable intentions. The truth is the truth.
As amicus counsel in the @Ripple case, I’m interested in the truth as it relates to #XRPHolders. Nothing more, nothing less. For ex, many people tagged me about a civil lawsuit 🆚 @ConsenSys and @ethereumJoseph. I didn’t comment b/c it has nothing to do with the #XRP case.
Go to Crypto-Law.us and review the video library w/ timeline. Prove the evidence assembled by the #XRP community wrong. You can’t!

We all can block whoever we wish on social media, but none of us can block the #truth when it desires to raise it’s glorious head.

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More from @JohnEDeaton1

John E Deaton Profile picture
Feb 3
Outstanding job @davidamichaels. Its not hyperbole to describe the @SECGov 🆚 @Ripple case as the most significant non-fraud enforcement action in modern history.

Please consider the following:

1) There’s no bigger topic in global trade & finance than digital currencies;
2) #XRP was the 3rd largest cryptocurrency in the world when this case was filed;

3) Hinman, Clayton, @HesterPeirce and others at the SEC, have all publicly stated the underlying token is NEVER the security, yet, in this case, the SEC argues #XRP itself is a security per se;
The SEC’s argument is the functional equivalent of arguing that the individual oranges 🍊 were securities in the seminal 1946 Supreme Court case of SEC 🆚 Howey. It’s an absurd argument violating 76 years of U.S. securities laws.
Read 7 tweets
John E Deaton Profile picture
Feb 2
First, let me say I agree with Jake. The number one concern for regulators should be protecting investors from fraud, misrepresentation, pump and dump schemes, and flat out scams.

But there’s also the question of:

Who’s regulating the regulator?
The best thing the @SECGov can do is clean it’s own house and restore the public’s confidence. Over 63K #XRPHolders, w/ 2K non-#XRPHolders, seek an independent investigation into the gross appearances of impropriety and huge conflicts of interests regarding the case against XRP.
I recently started a petition for International #XRPHolders requesting the Financial Oversight Committees demand an investigation. In 2 weeks we already have 20K signatures.

Before anyone attempts to label me and my 65K friends conspiracy theorists, read the Grundfest letter.
Read 9 tweets
John E Deaton Profile picture
Feb 2
Kudos to @davidmicahels for tackling this case and recognizing the significant impact it could have on the SEC’s ability to regulate the crypto industry. What makes this case both very different and more dangerous than other cases is the @SECGov is attacking the token itself.
In previous cases, the SEC alleged specific sales during a specific time period constituted illegal security offerings. Here, the SEC claims that every transaction from 2013 until today - made by anyone - including secondary market sales independent of @Ripple - are all illegal.
B/c of the amazingly over broad allegations implicating retail holders of #XRP, over 64K #XRPHolders filed a motion to intervene asking to be sued as co-defendants - an extraordinary request. Recognizing the damage caused, Judge Torres granted #XRPHolders amicus status.
Read 6 tweets
John E Deaton Profile picture
Jan 31
I’ve stated from the beginning, had the SEC charged @Ripple for specific sales of XRP during early years, I would’ve NEVER sued the SEC. But it did the opposite and even went further claiming today’s secondary market sales are also illegal. Yet, the @BlockchainAssn is quiet. Why?
To be fair, I haven’t reached out and asked for any help or assistance. Since others are questioning why some haven’t offered support, I can only speculate that its b/c I’ve called out and brought attention to the #ETH free pass. Which, if true, is both juvenile and shortsighted.
The SEC is claiming b/c Ripple was instrumental in creating a secondary market for #XRP, ALL #XRP are therefore securities. If successful, the same thing could be argued 🆚 @VitalikButerin @ethereumJoseph @ConsenSys etc.
Read 4 tweets
John E Deaton Profile picture
Jan 25
THE WORST 🧵 I’VE EVER WRITTEN (I’m sorry)

One question I get asked every time I’m on a podcast or being interviewed, is to provide an estimate of how long the @SECGov 🆚 @Ripple case will take to resolve either by settlement or by judgement.
If you’ve watched those interviews, you know I placed a lot of emphasis on the 👩‍⚖️ Judge’s DPP ruling.

I said if the Judge pierced the deliberative process privilege and ordered the SEC internal documents produced, we could see a settlement w/in 90 days thereof.
I also said if the Judge 👩‍⚖️ rules the documents don’t have to be produced to Ripple, I believe the case will go to Summary Judgement; and, possibly, a jury verdict.

The judge gave a mixed ruling. The SEC’s big victory is that most of the documents DO NOT have to be produced.
Read 18 tweets
John E Deaton Profile picture
Jan 23
ABSOLUTE, CONCLUSIVE & IRREFUTABLE PROOF!

Bill Hinman intentionally misled the public as Director of Corporation Finance while at the @SECGov.

Watch the 4 min @CNBC clip👇 and then read the brief 🧵 that follows.

On Dec. 13, 2017, Hinman had a meeting w/ @ethereumJoseph & @ConsenSys and lawyers from Sullivan & Cromwell (Clayton’s law firm);

The next day, Dec. 14, 2017,
@MattCorva of Consensys (w/ lawyers from Sullivan & Cromwell) stated that they were building an alliance with the SEC;
Six weeks later, on Jan. 25, 2018, Clayton meets with Chris Dixon and Andreesen & Horowitz of @a16z and instructs him to put together a group w/in the industry and write up a memo. Perkins Coie, a member of the Enterprise Ethereum Alliance, led this group of #Ether investors;
Read 8 tweets

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