Deaton Claims SEC Used Dirty Tactics, Harassed Ripple’s Customers and Garlinghouse’s Family
Ripple CEO Brad Garlinghouse recently shocked everyone by posting a photo with Donald Trump, revealing that they had dinner together. The news sparked excitement, especially in light of the ongoing lawsuit against Ripple by the U.S. Securities and Exchange Commission (SEC). With the January 15th deadline approaching, coupled with Trump’s inauguration and the impending resignation of SEC Chairman Gary Gensler, the next few weeks will be important. Enthusiasts are eagerly anticipating how these events will impact Ripple and its future.
Pro-XRP attorney John Deaton took to social media to share his thoughts on Ripple and its CEO Brad Garlinghouse’s incredible comeback over the past two years. Deaton highlighted Garlinghouse and Ripple’s general counsel Stuart Alderoty as key figures in the industry’s turnaround.
He said Ripple was unfairly prosecuted by the SEC and Garlinghouse personally sued, although there was no fraud involved. Deaton criticized the SEC for using harsh and unfair tactics in the case, including pressuring Ripple’s overseas customers and partners. Although Ripple provided a complete record of every XRP transaction, the SEC sought to force Garlinghouse to hand over his personal financial details, including credit card statements.
“Not only was Ripple unfairly sued, Garlinghouse was sued separately (in a non-fraud case). Anyone familiar with Ripple litigation, including me, knows the SEC played dirty and challenged Moral limits,” Deaton wrote.
Deaton said Garlinghouse fought back against SEC bullying and refused to give in. His efforts, coupled with the support of Ripple’s legal team, resulted in a victory for the company. Deaton concluded by expressing how much has changed in just two years and how bright the future is for Ripple and the cryptocurrency industry, especially with a new president in place.
