- XRP lawyer Deaton teases a major announcement related to the Ripple-SEC lawsuit.
- Steven Nerayoff’s involvement hints at Ethereum ICO and SEC corruption discussions.
- Ripple executives challenge SEC’s authority amid regulatory discussions.
After a nudge from an interested member of the crypto community, John E. Deaton hints at a major announcement scheduled for Friday. Deaton’s announcement is expected to shed light on crucial developments related to the XRP Ledger (XRPL) and Ethereum’s initial coin offering (ICO).
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As the attorney representing a significant number of XRP token holders in the Ripple Labs vs. U.S. Securities and Exchange Commission (SEC) lawsuit, his word is priceless to the XRPArmy. Could this possibly be information connected to ETHGATE?
Specifically, Deaton’s hints about the impending announcement emerged after a request from JungleincX, a member of the XRP community, for clues regarding the upcoming revelation.
In response, Deaton, known for his pro-XRP stance, did not disappoint. In particular, he offered three intriguing hints: a photo of himself reading documents, references to XRPL, and mentions of the ETH ICO. These hints strongly suggest that the announcement will be linked to significant developments in the ongoing SEC vs. Ripple Labs legal battle.
Meanwhile, the announcement is expected to feature Steven Nerayoff, an early Ethereum adviser, who will join Deaton on CryptoLawTV to discuss allegations concerning Ethereum’s ICO and allegations of corruption within the SEC. Nerayoff’s recent criticisms of U.S. authorities, including the SEC, have generated excitement within the XRP community.
Additionally, Deaton also plans to address why XRP should not be classified as a security. He will argue that Ripple did not conduct an ICO to raise funds for XRPL expansion, and that XRPL is managed by validators, not Ripple. Furthermore, he will emphasize that there is no investment contract between XRP buyers and Ripple that would qualify for the Howey Test.
The Ripple team and the crypto community have repeatedly expressed frustration with the SEC and Chair Gary Gensler for allegedly disregarding court orders and asserting themselves as above the law. The whole world waits with bated breath to hear the verdict of the latest court session.
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