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 <p class="is-style-lead">Legal expert John E. Deaton reveals potential affiliations benefiting top SEC officials in the XRP lawsuit, sparking debates on regulatory integrity.</p> 
 <p>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.</p> 
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    <p lang="en" dir="ltr">Several #XRP holders got irritated at me b/c I said we must admit @ethereumJoseph, who quickly hired Sullivan &amp; Cromwell, right after Clayton’s appointment, to represent @Consensys, including hiring several S&amp;C lawyers as staff attorneys, including making a S&amp;C Partner Deputy… https://t.co/7qxzkRjO0c</p>— John E Deaton (@JohnEDeaton1) August 20, 2023 
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 <p>Deaton’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> highlighted a possible connection between Joseph Lubin, Ethereum’s co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a>, and SEC officials.</p> 
 <p>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.</p> 
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 <p>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 (ETH) mining. These findings raise concerns about impartiality and potential conflicts of interest.</p> 
 <p>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.</p> 
 <p>While the SEC’s recent appeal has renewed interest in the proceedings, Judge Analisa Torres’s ruling remains pivotal in the case’s progress.</p> 
 <p>Deaton’s insights have spurred discussions about fairness, transparency, and integrity within the regulatory system.</p> 
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Crypto lawyer exposes SEC ties to Ethereum co-founder

TheBitTimes

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