Ripple Vs. SEC: Pro-XRP Lawyer Slams Former SEC Boss For ‘Misrepresenting Facts’

Pro-XRP legal expert John Deaton has once again come to the defense of Ripple in its ongoing legal battle with the Securities and Exchange Commission (SEC). This time around, he has blasted the former SEC Chair Jay Clayton for making misrepresentations in relation to the case. 

Ripple Vs. SEC: Deaton Comes For Clayton

In a post shared on his X (formerly Twitter) platform, Deaton called out Clayton for “misrepresenting the truth,” something which he believes the former SEC Chair often does. Deaton’s statement was in response to another X post (already deleted) in which Clayton was questioning Judge Analisa Torres’s ruling on Ripple’s programmatic sales. 

Clayton seemed to disagree with the decision as he alluded to other cases which the which the SEC had apparently gotten a ruling in its favor. However, Deaton was quick to point out that Clayton was wrong as he stated that “there are no other cases with similar facts that found otherwise at summary judgment.”

Deaton didn’t stop there as he went on to distinguish between the Ripple case and cases which Jayton may have been alluding to. The first one he mentioned was the LBRY case. The legal expert noted that the Judge in that case had said that his ruling didn’t apply to secondary sales. Deaton knows this for a fact, as he was present in court on the day the ruling was given. 

Furthermore, Judge Torres had even cited this specific part of the Judge’s ruling in the LBRY case, probably in a bid to show that there was no precedent set in the case for her to follow. As such, Clayton would be wrong in his assertion if he was specifically referring to that case as having similar facts to the Ripple case.

XRP price at $0.62 | Source: XRPUSD on Tradingview.com 

The LUNA Case Is Also Different 

The second case that Deaton distinguished from the Ripple case is the one involving Terraform Labs. The legal expert first stated that if Clayton was referring to that case, then “he’s full of shit.” He then noted that both cases don’t have similar facts. 

The lawyer also highlighted the fact that Judge Torres’ ruling was a summary judgment decision while Judge Rakoff’s ruling was on a ‘Motion to Dismiss.’ In the former, the Judge was presented with all the evidence before she gave her ruling, unlike the latter case in which no evidence was presented. 

This isn’t the first time that Deaton is coming for the former SEC Chair. He had previously labeled him a “total fraud” when Clayton suggested that he wasn’t responsible for the SEC’s enforcement actions. It is worth mentioning that the lawsuit against Ripple was instituted on Clayton’s last day in office. 

Featured image from Fox Business, chart from Tradingview.com