The post Ripple Vs SEC: Deaton Claims SEC Used Dirty Tactics, Harassed Ripple’s Customers and Garlinghouse’s Family appeared first on Coinpedia Fintech News
Ripple CEO Brad Garlinghouse recently shocked everyone by posting a picture with Donald Trump, revealing they had shared a dinner together. This news has sparked excitement, especially considering the ongoing U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple. With the January 15 deadline fast approaching, along with Trump’s inauguration and SEC Chairman Gary Gensler’s upcoming resignation, the next few weeks hold significant importance. Enthusiasts are eagerly awaiting to see how these events will impact Ripple and its future.
Pro-XRP lawyer John Deaton took to social media and shared his thoughts on the incredible comeback of Ripple and its CEO, Brad Garlinghouse, in the past two years. Deaton highlighted Garlinghouse and Ripple’s General Counsel, Stuart Alderoty, as key figures in the industry’s turnaround.
He said that Ripple was unfairly sued by the SEC, with Garlinghouse personally sued as well, even though no fraud was involved. Deaton criticized the SEC for using harsh and unfair tactics during the case, including pressuring Ripple’s customers and partners overseas. Despite Ripple providing full records of every XRP transaction, the SEC still tried to force Garlinghouse to hand over his personal financial details, including credit card statements.
“Not only was Ripple unfairly sued, Garlinghouse was individually sued (in a non-fraud case). Anyone familiar with the Ripple litigation, and I am, knows the SEC played dirty, pushing ethical limits,” Deaton wrote.
Deaton said that Garlinghouse fought back against the SEC’s bullying and refused to give in. His efforts, along with the support of Ripple’s legal team, led to a victory for the company. Deaton ended by expressing how much things have changed in just two years and how bright the future looks for Ripple and the crypto industry, especially with a new president taking office.