HomeNewsRipple Community Outraged at Ex-SEC Chair Clayton's Comments on Ongoing Lawsuit

Ripple Community Outraged at Ex-SEC Chair Clayton’s Comments on Ongoing Lawsuit

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  • 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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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628