<ul><li>Attorney John E. Deaton delves into the 2018 SEC memo that did not recommend action against Ripple for its XRP sales.</li><li>The memo did not recommend any legal action against Ripple or XRP.</li><li>Cryptocurrency analyst Bill Morgan questions the SEC&#39;s contradictory stances on XRP and Ethereum.</li></ul>Following Attorney John E. Deaton&#39;s recent disclosure of a 2018 SEC memo, the ongoing Ripple vs. SEC legal battle remains in focus. The memo, which did not recommend any action against Ripple for its sale of XRP tokens, has intensified scrutiny of the SEC&#39;s regulatory approach. Deaton&#39;s revelation adds complexity to the SEC&#39;s approach to Ripple and XRP, building on a situation previously <a href="https://cryptotale.org/2018-sec-memo-raises-new-concerns-in-ripple-vs-sec-legal-battle/" rel="noopener noreferrer nofollow">reported</a> by CryptoTale.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c8c6992ce9934f50af28e3fe83d1e43e.png" />According to Deaton, the memo was received by SEC officials Jay Clayton and William Hinman on June 13, 2018. The next day, Hinman publicly stated that Bitcoin and Ethereum were not securities, conspicuously omitting any mention of XRP. This led to a surge in Ethereum&#39;s market value, leaving XRP stakeholders in a state of uncertainty. Deaton emphasized that XRP and Ethereum had battled for the number two spot in the cryptocurrency market for years, making the omission significant.Less than three months later, Ripple&#39;s CEO Brad Garlinghouse and CTO Joel Katz had a private meeting with Clayton, Hinman, and other SEC senior staff to discuss XRP&#39;s regulatory status. Deaton noted that Garlinghouse likely reminded the SEC that XRP was created two years before Ethereum. He also highlighted that Ripple had discussed its vision for XRP with various regulatory bodies, including the SEC, <a href="https://cryptotale.org/binance-argues-to-dismiss-cftcs-lawsuit-grayscale-pushes-sec-for-a-fair-etf-approval/" rel="noopener noreferrer nofollow">CFTC</a>, Federal Reserve, and FinCEN, as early as 2013.-Read full article at <a href="https://cryptotale.org/john-e-deaton-sheds-new-light-on-ripple-vs-sec-with-2018-memo-disclosure/" rel="noopener noreferrer nofollow">CryptoTale.</a>

John E. Deaton Sheds New Light on Ripple vs. SEC with 2018 Memo Disclosure

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