- Former SEC Chair Jay Clayton criticized by XRP community for his remarks on the ongoing Ripple vs SEC lawsuit and potential SEC appeal.
- Legal experts and Ripple CEO react to Clayton’s perceived hypocrisy, questioning his involvement and comments on the case post-resignation.
Clash Over Clayton’s Comments in Ripple vs SEC Saga
The Ripple community and legal experts are expressing strong disapproval towards former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton. This reaction follows Clayton’s recent comments regarding the Ripple vs SEC lawsuit, particularly about a potential SEC appeal against Judge Torres’ decision.
Ripple Army Reacts to Clayton’s Controversial Interview
In an interview with Henri Arslanian, co-founder of Nine Blocks, Clayton suggested the SEC might soon appeal Judge Torres’ decision in the Ripple vs SEC lawsuit. This statement has triggered a wave of backlash from the Ripple community, including Pro-XRP lawyer Bill Morgan and Ripple CEO Brad Garlinghouse. Morgan criticized Clayton for seemingly taking both sides post-resignation, while Garlinghouse slammed Clayton’s hypocritical stance on discussions around corporate litigation and the agency’s role.
Community Questions Clayton’s Integrity
The XRP community, represented by members like Mr. Huber, questions why Clayton discussed the ongoing Ripple lawsuit, considering he initiated it just before leaving the SEC. They allege that Clayton lied about his inability to discuss the lawsuit and about meeting with Apollo Global Management.
John Deaton’s Stance on Clayton’s Role
John Deaton, referencing Rolling Stone Magazine’s 2017 coverage, labeled Clayton as
“the Most Conflicted SEC Chair Ever.”
Deaton argues that despite the improbability of subpoenaing a former SEC Chairman, Clayton remains a significant witness in the case. He highlights Clayton’s interactions with Ripple executives, citing a meeting where Ripple CEO Brad Garlinghouse expressed concerns over Ripple’s uncertain status following the Hinman speech.
A Complex Legal Landscape
The unfolding drama in the Ripple vs SEC case underscores the complexities of regulatory enforcement in the cryptocurrency space. As the legal battle continues, the Ripple community and legal experts closely scrutinize the actions and comments of key figures like Jay Clayton, adding layers to an already intricate legal narrative.
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