Impact

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-vs-sec-pro-xrp-lawyer-challenges-sec-and-ripples-ceo-calls-for-testimonies/">Ripple vs. SEC: Pro-XRP Lawyer Challenges SEC And Ripple’s CEO Calls For Testimonies</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>John Deaton, the founder of CryptolawUS and pro-XRP lawyer, criticized the SEC for their “aiding and abetting” charges against Ripple CEO Brad Garlinghouse. Deaton argues that if the SEC had just let former leaders Bill Hinman and Jay Clayton testify earlier, this whole mess might have been avoided. Think of the saved time, saved money, and oh, the increased crypto adoption we would be witnessing!</p> 
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   <p lang="en" dir="ltr">Hinman definitely gets to testify. Normally, you’d have no chance at being able<br>to subpoena a former Chairman for a trial. But here, the SEC stupidly chose to bring aiding and abetting charges against the CEO <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a>. Ironically, it was Clayton who wanted to sue the…</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1695093574600364135?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2023</a> 
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<h2 id="the-ethereum-free-pass-drama" data-name="the-ethereum-free-pass-drama" class="wp-block-heading"><strong>The “Ethereum Free Pass” Drama</strong></h2> 
<p>Digital Asset Investor took it a step further. Besides Clayton and Hinman, they’re advocating for Lowell Ness, a past a16z attorney, and Chris Dixon to be summoned. Why? Because Clayton was the man behind what’s being called the “Ethereum Free Pass Speech.” Yep, that’s a thing. And these key figures could spill the insider beans about how the SEC really thinks about crypto.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ETHGATE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETHGATE</a> Witness Spotlight(New Feature)<br>If I'm <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ripple</a> <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a> <a href="https://twitter.com/chrislarsensf?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chrislarsensf</a> going to trial with the SEC two of the first witnesses I call besides Jay Clayton and Bill Hinman are Lowell Ness, at the time <a href="https://twitter.com/a16z?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@a16z</a> attorney and <a href="https://twitter.com/cdixon?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@cdixon</a> who Jay Clayton apparently put in charge… <a href="https://t.co/CbaNZ0CEes" rel="noopener noreferrer nofollow">pic.twitter.com/CbaNZ0CEes</a></p>— Digital Asset Investor.XRP (@digitalassetbuy) <a href="https://twitter.com/digitalassetbuy/status/1695051510655168947?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2023</a> 
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<h2 id="ripples-ceo-speaks-out-were-stuck" data-name="ripples-ceo-speaks-out-were-stuck" class="wp-block-heading"><strong>Ripple’s CEO Speaks Out: “We’re Stuck!”</strong></h2> 
<p>That’s what Brad Garlinghouse, the CEO of Ripple, reportedly exclaimed in a meeting with Clayton and Joel Katz, Ripple’s CTO. But neither Clayton nor Hinman ever confirmed that XRP was, in fact, a security. Deaton thinks this moment is pivotal—so much that Clayton should testify as a “fact witness.”</p> 
<h2 id="the-cost-of-confusion-ripple-and-xrp-market-impact" data-name="the-cost-of-confusion-ripple-and-xrp-market-impact" class="wp-block-heading"><strong>The Cost of Confusion: Ripple and XRP Market Impact</strong></h2> 
<p>While legal eagles are battling it out, what’s happening to XRP? The digital asset has been on a roller coaster, with prices dropping and then ticking up 2% in just 24 hours. But a whale moved more than $20 million in XRP as traders scurried to find their footing.&nbsp;</p> 
<p>The courtroom drama is unfolding like a blockbuster thriller. Lawyers and investors agree: former SEC officials should testify to shed light on the real story behind crypto regulation. It’s not just about Ripple or XRP; it’s a case that could decide the fate of the crypto landscape in the U.S.</p>

Ripple vs. SEC: Pro-XRP Lawyer Challenges SEC And Ripple’s CEO Calls For Testimonies

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