Pro-XRP Legal Expert Criticizes Jay Clayton for Misrepresentations in Ripple Case
John Deaton, a prominent legal expert supporting Ripple in its legal battle against the SEC, has once again defended the company by accusing former SEC Chair Jay Clayton of misrepresenting the truth. Deaton’s criticism came after Clayton questioned Judge Analisa Torres’s ruling on Ripple’s programmatic sales in a now-deleted post. However, Deaton argued that Clayton was mistaken, stating that there are no other cases with similar facts that ruled in the SEC’s favor at summary judgment.
Distinguishing the Ripple Case from LBRY and Terraform Labs Cases
Deaton further highlighted the differences between the Ripple case and other cases that Clayton may have been referring to. He specifically mentioned the LBRY case, where the judge explicitly stated that their ruling didn’t apply to secondary sales. Judge Torres even cited this part of the LBRY case ruling to emphasize that there was no precedent set for her decision in the Ripple case. Additionally, Deaton pointed out that the Terraform Labs case had different facts compared to Ripple.
Past Criticism of Jay Clayton
This isn’t the first time Deaton has criticized Jay Clayton. He previously called him a “total fraud” when Clayton denied responsibility for the SEC’s enforcement actions. It’s important to note that the lawsuit against Ripple was filed on Clayton’s last day as SEC Chair.
Hot Take: John Deaton Exposes Jay Clayton’s Misrepresentations in Ripple Case
Pro-XRP legal expert John Deaton has strongly criticized former SEC Chair Jay Clayton for misrepresenting facts and making inaccurate statements about the Ripple case. By pointing out the differences between relevant cases and highlighting inconsistencies in Clayton’s arguments, Deaton challenges the credibility of the former SEC Chair. This ongoing dispute reflects the intense debate surrounding Ripple’s legal battle with the SEC and raises questions about the fairness and accuracy of regulatory actions against cryptocurrency companies.
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