Thread by @JohnEDeaton1

@ethereumJoseph is no dummy. In fact, he was a great tactician. On May 4, 2017, Clayton was sworn in as Chairman of the SEC. Clayton was a senior partner at Sullivan & Cromwell. Within 2 months of Clayton being sworn in, Lubin hired Patrick Berarducci from Sullivan & Cromwell.

https://twitter.com/johnedeaton1/status/1497768692884684808

Berarducci was named Deputy GC @ConsenSys, Co-Chair, Brooklyn Project & Global Fintech Co-Head. Hiring a fellow partner from Sullivan & Cromwell immediately after Clayton’s confirmation provided Lubin, ConsenSys, et al, a direct line to the SEC Chair.

@CGasparino reported.👇

https://twitter.com/cgasparino/status/994660857362763776

The direct line to Clayton paid off. At Hinman’s deposition we learned Hinman emailed Lubin directly. The @Ripple lawyers implied it was at Clayton’s direction. Hinman responded that he didn’t recall. But why would Hinman reach out and email Lubin directly?
Think 🤔 about it.

Clayton was helping his law firm and one of it’s major clients. You see, Lubin not only hired a lawyer from Sullivan & Cromwell and made him Deputy GC - he hired Sullivan & Cromwell to represent himself, ConsenSys, and to help facilitate the Enterprise Ethereum Alliance.

After Hinman emailed Lubin, they met on December 13, 2017. Hinman met with Lubin AT LEAST 3 more times, including on June 8, 2018 - 6 days before the free pass speech. Of course, Hinman also met with the VC Working Group on March 28, 2018 and relied on the Perkins Coie Memo 📝.

Before you read the full 🧵, keep in mind the following:

Sullivan & Cromwell represents ConsenSys and the interests of the EEA;

Hinman’s law firm is a member of the EEA;

Perkins Coie is a member of the EEA;

The only token mentioned in the Perkins Coie Safe Harbor is #ETH;

Hinman collected $15M from his EEA law firm while at SEC;

After Hinman followed the Perkins Coie 📝 Memo giving #ETH a regulatory free pass, Hinman was later made a partner at @a16z - the very same fund that hired Perkins Coie to write the memo lobbying for #ETH’s free pass;

@ConsenSys acquired Quorum from @jpmorgan, supporting the #JPMCoin, a direct competitor to #Ripple & #XRP;

Sullivan & Cromwell brokered the Quorum deal 4 months before the lawsuit against #Ripple and #XRP;

2 month before the lawsuit, One River bet $1B on #BTC and #ETH;

Clayton broke party lines to cast the deciding vote to bring the case (he voted against fellow republicans @HesterPeirce & Elad Roisman);

Clayton agreed he should recuse himself if a case involved his firm’s client, but he voted to bring a case against his client’s competitor;

Clayton was hired by One River within weeks of leaving the SEC;

Director of Enforcement Marc Berger, who helped write the Complaint, immediately left going to Hinman’s EEA firm - Simpson Thacher.

Now read the Grundfest letter 👇

crypto-law.us/wp-content/upl…

Now read the 🧵 👇

https://twitter.com/johnedeaton1/status/1497768692884684808

Add this to the “direct line of communication with the SEC.” 👇

https://twitter.com/leerzeit/status/1510668308361658370