Share this page!

John E Deaton Profile picture
Twitter logo
Apr 9 • 8 tweets • 4 min read
@EricLiptonNYT
is a Pulitzer Prize winning journalist who wrote a great story on this case some time ago. To his credit, in the story, he acknowledged claims related to conflicts of interest. I remember discussing the $15M paid to Hinman in “retirement benefits.”
I responded that its very easy to classify ongoing payments as “retirement” and skirt the rules. We now have clear proof that that is exactly what occurred.

Hinman had a financial interest in the ongoing success of his law firm WHILE SIMULTANEOUSLY BEING EMPLOYED BY THE @SECGov.
As Chairman, Clayton blessed the plan to bypass the ethics rules. It is now well settled that Clayton and Hinman’s law firms were directly tied to Ethereum.

Is it a coincidence that Clayton was the ONLY Commissioner to receive and give input in the #Ether free pass speech?
Crypto-Mom herself, @HesterPeirce, didn’t get an advance copy of the speech or provide any input. The Commissioner dubbed Crypto-Mom by the community itself was left out of the biggest crypto speech in history? 🤔
Ethics informed Hinman he couldn’t have contact w/ his law firm. He repeatedly violated this directive. What would Ethics say if it was informed Simpson Thacher was a member of the Enterprise Ethereum Alliance and Hinman planned on gratuitously giving #ETH a regulatory free pass?
They told him he couldn’t go to a dinner if his former partners were present. Why?

The Ethics office basically determined they weren’t former partners of his but constituted current partners due to his ongoing financial interest with them.

They warned him of a criminal bar!
Clayton became a @CNBC Contributor and @BeckyQuick @JoeSquawk @andrewrsorkin have decided to not report the story. How many times in history have thousands (66,127 to be exact) petition a Court asking to be sued?

Apparently that’s not news worthy at CNBC!
This isn’t a conspiracy theory. The Ethics office itself was concerned and exchanged terse emails w/ Hinman.

Read the Grundfest letter (he’s no conspiracy theorist) 👇

crypto-law.us/wp-content/upl…

After reading the Grundfest letter, read these facts.👇

Help expose the corruption.

• • •

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
Apr 9
🧨CALL TO ACTION🧨

#XRPCommunity

I need the internet sleuths to start digging. As bad as it already looks for Hinman, I firmly believe his involvement and his conflicts are even greater than presently known. I also believe the SEC has been in full cover up mode.
The SEC made a false statement when it originally stated there were no responsive documents relevant to the @EMPOWR_us FOIA requests. Only after @JsnFostr and Empower filed suit in federal court did they “realize” the error and correct the falsehood (b/c Empower didn’t fold).
Likewise, the SEC initially informed me the Hinman Calendar was not used for official government reasons and denied my FOIA request. I appealed and its on remand. But I fully expect to sue them for violating FOIA before they turn over his calendar. Why are they fighting so hard?
Read 8 tweets
John E Deaton Profile picture
Apr 5
⛔️ CRYPTO WARNING ⛔️

This article and the comments of @GaryGensler highlight the danger of allowing the SEC to continue its destructive practice of Regulation by Enforcement.
The article states:

“Gensler has directed SEC staff to get crypto trading platforms to register with the Commission and regulate them like exchanges.”

👆 is one reason I predicted the SEC will sue an exchange by the end of the summer.
How does a CEO like @jespow or @brian_armstrong agree to register w/ the SEC?

According to the article, @GaryGensler stated, once again, that he believes most cryptocurrencies are securities. In fact, he refuses to even declare #ETH a non-security. How hard is that?
Read 8 tweets
John E Deaton Profile picture
Apr 3
@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.
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.👇
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.
Read 11 tweets
John E Deaton Profile picture
Apr 2
This is why people are so angry. Hinman says “when we look at #ETH we don’t see a 3rd party promoter” behind the token. He is lying through his teeth - plain and simple. He and Clayton met those 3rd party promoters a MINIMUM of SIX times in 6 months. A once per month average.
The SEC refuses to turn over emails between Hinman and these promoters. He met Dec. 13, 2017 w/ ConsenSys and Lubin. Jan. 25, 2018, Clayton met w/ Chris Dixon of a16z and instructed him to write a 📝. Perkins Coie, a member of the EEA, wrote the 📝asking for a free pass for #ETH.
The ETH Free Pass 📝 was emailed March 26, 2018 to Hinman and Clayton. Hinman met with the Perkins Coie lawyers and EEA members and #ETH investors on March 28, 2018. Hinman met with Lubin and Consensys again in April 2018 and AGAIN in May and AGAIN on June 8, 2018.
Read 4 tweets
John E Deaton Profile picture
Apr 1
Theory: #XRP - a Sacrificial Lamb 🐑

Then-former CFTC Chairman @GaryGensler said there was not regulatory clarity in the digital asset markets, and
“for @Ripple” there
“needs to be clarity in the market.”

See 👇
In this video 👇Gensler scoffs about “a group of venture capitalists that went in to the SEC” and how “they’re sort of saying – believe us, we get you, we have a bunch of clients who are going to evolve to be a consumable token … I KIND OF DON’T THINK THIS IS GOING TO WORK.”👇👇
In this video 👇Gensler concludes saying that “the market needs clarity” and that “the uncertainty as to whether ether is or is not a security… it could exist for months but at some point in time it is worthwhile to settle that down or have it fall into the courts.”

Watch 👇👇
Read 7 tweets
John E Deaton Profile picture
Mar 31
When the SEC filed the case against @Ripple I argued the exchanges should not delist #XRP. I argued this b/c I read the Complaint and realized the SEC was alleging today’s #XRP a security and that many of the allegations equally applied to all tokens. It’s a dangerous Complaint.
My hope was for all the exchanges to continue to list #XRP, join together, and hire a law firm to file an amicus brief. Respected leaders like @jespow referenced @Ripple burning too many bridges for that to happen. Regardless of the reasons, justified or not, it didn’t happen.
When @brian_armstrong disclosed the SEC intended to sue @coinbase over it’s Lend product and that @GaryGensler refused to meet with any crypto companies, I argued the best next move was to relist #XRP and ask to file an amicus brief (selling #XRP provided standing).
Read 5 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(