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Legal expert John E. Deaton reveals potential affiliations benefiting top SEC officials in the <a href="https://crypto.news/price/xrp/" data-type="link" data-id="https://crypto.news/price/xrp/" rel="noopener noreferrer nofollow">XRP</a> lawsuit, sparking debates on regulatory integrity. 
Legal expert John E. Deaton recently tweeted about potential affiliations benefiting former SEC Chairman Jay Clayton and top enforcer William Hinman in the XRP case. 
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 Several <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> holders got irritated at me b/c I said we must admit <a href="https://twitter.com/ethereumJoseph?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ethereumJoseph</a>, who quickly hired Sullivan &amp; Cromwell, right after Clayton’s appointment, to represent <a href="https://twitter.com/Consensys?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Consensys</a>, including hiring several S&amp;C lawyers as staff attorneys, including making a S&amp;C Partner Deputy… <a href="https://t.co/7qxzkRjO0c" target="_blank" rel="noopener noreferrer nofollow">https://t.co/7qxzkRjO0c</a>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1693339671101624773?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 20, 2023</a> 
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Deaton’s analysis highlighted a possible connection between <a href="https://crypto.news/ethereum-is-a-commodity-says-co-founder-joseph-lubin/" data-type="link" data-id="https://crypto.news/ethereum-is-a-commodity-says-co-founder-joseph-lubin/" rel="noopener noreferrer nofollow">Joseph Lubin</a>, Ethereum’s co-founder, and SEC officials. 
He suggests Lubin’s decision to hire the law firm Sullivan &amp; Cromwell, led by Jay Clayton, was strategic to avoid actions against Ethereum. Clayton has hinted that Ripple Labs could have avoided troubles by choosing the same legal representation. 
 You might also like: <a href="https://crypto.news/ethereum-is-a-commodity-says-co-founder-joseph-lubin/" rel="noopener noreferrer nofollow"> Ethereum is a commodity, says co-founder Joseph Lubin </a> 
Deaton also revealed a link between William Hinman’s firm, Simpson Thacher, and a Chinese subsidiary that facilitated the IPO of Canaan, a company profiting from Bitcoin (BTC) and Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) mining. These findings raise concerns about impartiality and potential conflicts of interest. 
Moreover, despite contrary directives, Deaton questions Clayton’s decision to sue Ripple Labs and its cryptocurrency XRP, igniting debates about the motivations behind such actions. 
While the SEC’s recent appeal has renewed interest in the proceedings, Judge Analisa Torres’s ruling remains pivotal in the case’s progress. 
Deaton’s insights have spurred discussions about fairness, transparency, and integrity within the regulatory system. 
 You might also like: <a href="https://crypto.news/deaton-contends-sec-lawsuit-ignored-xrp-ownership/" rel="noopener noreferrer nofollow"> Deaton contends SEC lawsuit ignored XRP ownership </a>

Crypto lawyer exposes SEC ties to Ethereum co-founder

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