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<p class="is-style-lead">Australian lawyer Bill Morgan has suggested attorneys for the U.S. Securities and Exchange Commission (SEC) should be disbarred for alleged misconduct.</p>
<p>In a Dec. 2 post on X (formerly Twitter), Morgan underscored the significance of an attorney’s obligation to be truthful to the court, particularly in pressing legal proceedings.</p>
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   <p lang="en" dir="ltr">I have not had an opportunity to look into this case but I can give a perspective from an Australian law context on a general level of the type of conduct that is being criticised by <a href="https://twitter.com/s_alderoty?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@s_alderoty</a> and <a href="https://twitter.com/JohnEDeaton1?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JohnEDeaton1</a> and others.<br><br>An ex parte motion on an urgent basis seeking… <a href="https://t.co/jssqjUt3kj" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jssqjUt3kj</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1731102222489158080?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2023</a>
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<p>He was speaking in response to criticisms from CryptoLaw founder John Deaton and Ripple (<a href="https://crypto.news/price/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>) chief legal officer Stuart Alderoty regarding the SEC’s <a href="https://crypto.news/sec-drops-lawsuit-against-ripple-and-its-execs/" target="_blank" rel="noopener noreferrer nofollow">actions</a> in several major crypto-related cases.</p>
<p>According to Morgan, what he calls “the duty of candor” compels lawyers to disclose all pertinent facts or potential defense arguments to the court, even if they contradict their cases.</p>
<p>You might also like: <a href="https://crypto.news/kraken-to-respond-to-sec-lawsuit-inspired-by-ripple/" rel="noopener noreferrer nofollow"> Kraken to respond to SEC lawsuit, inspired by Ripple </a></p>
<p>In a previous post, Alderoty commented on the SEC’s behavior in various <a href="https://crypto.news/the-battle-of-sec-and-crypto-companies-2023-outline/" target="_blank" rel="noopener noreferrer nofollow">lawsuits</a> it had brought against crypto companies, including Ripple and Coinbase.</p>
<p>He pointed out a pattern of concerning actions by the regulator in its interactions with the companies, drawing attention to instances where the court <a href="https://www.axios.com/2023/08/30/gary-gensler-crypto-court-losses" target="_blank" rel="noopener noreferrer nofollow">reproved</a> the SEC for its inconsistency and disregard for established legal practices.</p>
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   <p lang="en" dir="ltr">A troubling pattern emerges:<br>– Court finds the SEC demonstrated “hypocrisy” by making inconsistent arguments to the Court and not acting out of a “faithful allegiance to the law.” SEC v Ripple, 7/12/22<br>– Court agrees that the SEC defaulted on its duty to respond in good faith to…</p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1730649158367973799?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 1, 2023</a>
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<p>Furthermore, the Ripple attorney highlighted the SEC’s inadequate response to Coinbase’s crypto <a href="https://crypto.news/coinbase-demands-sec-respond-to-rulemaking-petition/" target="_blank" rel="noopener noreferrer nofollow">rulemaking</a> request in June 2023, an action that led the court to label the regulator’s handling of similar cases as “arbitrary and capricious.”</p>
<p>In light of Alderoty’s allegations, Morgan emphasized the gravity of misleading the court in ex parte motions, labeling such behavior “egregious professional misconduct.” He indicated that those intentionally engaging in such deceitful action should face stern repercussions, including disbarment.</p>
<p>Read more: <a href="https://crypto.news/sec-chair-gary-gensler-comments-on-prospects-for-spot-bitcoin-etf/" rel="noopener noreferrer nofollow"> SEC Chair Gary Gensler comments on prospects for spot Bitcoin ETF </a></p>

Attorney recommends SEC disbar attorneys over misconduct

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