Features News TheBitTimes.com

Deaton Highlights SEC “Hypocrisy” Remarks XRP lawyer John E. Deaton on September 2 said the U.S. SEC hypocrisy is being noticed by the federal judges and both chambers of the U.S. Congress. He finds it interesting that Coinbase chief legal officer Paul Grewal uses the word “hypocrisy” in his comments on Ripple filing opposition to the SEC’s interlocutory appeal. advertisement “Nothing but ‘facts and circumstances’ one day. Until it’s all a ‘pure question of law’ the next. @s_alderoty and his team appropriately lay waste to this hypocrisy,” said Paul Grewal. The SEC has incorrectly argues “question of law” requirement for interlocutory appeal and has fails to address the authority. Typically, courts have rejected the position. Deaton also highlighted that Judge Sarah Netburn also used the same word in remarks on the SEC’s inconsistent positions in the Ripple vs SEC lawsuit. I...

Battle Still On Over Fair Notice Defense? Stuart Alderoty, Chief Legal Officer at Ripple referred to footnote number 20 from the summary judgment in the XRP lawsuit. He stated that the court makes it clear that the commission’s theories are potentially very much subject to a fair notice defense. advertisement The footnote reads that only the Institutional Sales constituted the offer and sale of investment contracts, the Court does not address defendants’ asserted fair notice defense as to the other transactions and schemes. Pro XRP lawyer, John Deaton stated that there are many lawyers claiming that the judge rejected that fair notice defense. However, this is not true, he asserted. As per the ruling, the judge rejected its application to institutional sales. He added that judge Torres highlighted that the US SEC enforcement actions in the past provided fair notice related to institutional sales. However, she commented on prosecuting the ot...

Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near? advertisement XRP Lawsuit Verdict To Bring Clarity? Crypto expert, Scott Melker aka The Wolf of All Streets stated that the crypto industry needs to fight back now. He asserted that if this doesn’t happen now then there is a possibility that the US users will be left only with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) as an option to trade in. He highlighted that these 4 assets are being traded on EDX crypto exchange which is operated by Fidelity, Citadel, and Charles Schwab. The Wolf of All Streets added US SEC Chair, Gary Gensler has called BTC, ETH, LTC and BCH commodities earlier. Attorney John Deaton, Amicus Curiae in the XRP lawsuit pointed out how crucial a verdict is for the major cryptos like Solana (SOL), Polygon (MATIC), and Cardano (ADA). However, he mentioned that if the outcome turns out to be bad for XRP, not Ripple then US SEC Chair, ...

Also Read: XRP , DOGE Added In Crypto Index Launched By Hong Kong Rating Agency advertisement XRP Lawyer Offers Support Attorney John Deaton, XRP holders’ lawyer mentioned that he found SpendTheBits in the search of developers on the XRP Ledger ( XRP L) who hadn’t received any kind of funds from Ripple. He added that Ripple and its executives Brad Garlinghouse, and Chris Larsen were unaware of SpendTheBits and its app. SpendTheBits had filed an amicus brief in the XRP lawsuit in support of the defendants back in 2022. The U.S. District Court Judge Analisa Torres granted the request. The attorney believes that this Amicus Brief was the best example that demonstrated a major flaw in the US SEC’s theory. He expects that it could also be cited by Judge Torres in the Summary Judgment. Read More XRP News Here… Deaton highlighted that TapJets and SpendTheBits can prove to be the best example to destroy the SEC’s common enterpris...

XRP Performance Metrics XRP is likely on its way to make history as data from crypto analytics service provider Santiment showed that the protocol has recorded a consistent growth in the past few days. Sharing the observation on Twitter, crypto analysts @ali_charts noted that the past three instances in which XRP price saw a parabolic run, it has been preceded by a surge in active addresses. advertisement The last three instances $ XRP price jumped were preceded by a spike in the number of active # XRP addresses. On-chain data from @santimentfeed has recorded a spike in network activity over the past few days. Could history repeat itself? pic.twitter.com/XoJAFsDuvo — Ali (@ali_charts) June 26, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...