Harsh words from XRP Lawyer to the SEC. XRP’s lawyer said that the SEC’s approach to crypto and the presentation of Ripple’s case is outrageous.
The case between the US SEC and Ripple is nearing its summary judgment. However, those connected to the case have faced various charges. A lawyer for XRP holders came forward to defend its relationship with Ripple and its leaders.
Is XRP something else?
John Deaton, the lawyer for the holders of XRP in the case of Ripple said that he does not dispute that those who say that Ripple helped to create a secondary market by giving people the show. He added that he does not challenge them because many projects have done the same.
Meanwhile, the recent posts of Bitcoin maximalist Michael Saylor contain facts and twisted ideas. Deaton said Saylor said Ripple and its executives committed fraud and that the XRP lawsuit against them involved fraud.
He said media outlets such as Foxbussines called him “the boy who supports him without Ripple”. He added that although he thinks that XRP is a shitcoin or low technology. However, it turned out to be a better layer 2 solution to the bitcoin problem.
The SEC’s approach to the Ripple case
XRP’s lawyer said that the SEC’s approach to crypto and the presentation of Ripple’s case is outrageous. He actually called the SEC to become a new tool to stop corruption. He pointed out that after a 30-month investigation, the committee did not make any fraud or even false allegations against Ripple or any other user.