{"id":241658,"date":"2024-02-05T18:53:24","date_gmt":"2024-02-05T13:23:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-ex-sec-chair-jay-clayton-talk-about-xrp-lawsuit-now-crypto-news\/"},"modified":"2024-02-05T18:53:28","modified_gmt":"2024-02-05T13:23:28","slug":"can-ex-sec-chair-jay-clayton-talk-about-xrp-lawsuit-now-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-ex-sec-chair-jay-clayton-talk-about-xrp-lawsuit-now-crypto-news\/","title":{"rendered":"Can Ex-SEC Chair Jay Clayton Talk About XRP Lawsuit Now? – Crypto News"},"content":{"rendered":"

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Ripple Vs SEC:<\/strong> The XRP community slams former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton for spinning Judge Torres\u2019 decision in Ripple vs SEC lawsuit that XRP is not itself a security.<\/p>\n

Ripple Army Backlash Against Former SEC Chair Jay Clayton<\/h2>\n

Former SEC Chair Jay Clayton faces backlash from the XRP army after he commented on Judge Torres\u2019 Ripple vs SEC lawsuit decision in an interview with Henri Arslanian, co-founder of Nine Blocks. He claims the SEC will appeal the Torres decision soon.<\/p>\n

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Pro-XRP lawyer Bill Morgan<\/strong> reacted to Clayton\u2019s comments saying he is taking both sides after resigning from the SEC. He added that \u201ccertainly the SEC will appeal the Torres decision. I am sure he still has close contacts at the SEC.\u201d<\/p>\n

Community members including Mr. Huber questioned why Jay Clayton talked about the Ripple vs SEC lawsuit. The close to 3-year lawsuit Ripple battled was brought by Clayton before leaving the SEC, denying that he could not talk about the lawsuit. However, Jay Clayton discussed it multiple times and lied about meeting with Apollo Global Management, asserts the XRP community.<\/p>\n

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Ripple CEO Brad Garlinghouse<\/strong> lashed out against Jay Clayton for showing hypocrisy when it comes to discussions around corporate litigation and the agency\u2019s role.<\/p>\n

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John Deaton Furious Over Jay Clayton<\/h2>\n

John Deaton cited Rolling Stone Magazine\u2019s coverage of John Clayton\u2019s election as the SEC Chair. The Rolling Stone coverage from 2017 called Clayton \u201cthe Most Conflicted SEC Chair Ever.\u201d<\/p>\n

Deaton agreed<\/a> that there was no chance to subpoena a former SEC Chairman for a trial. However, he believed the SEC made a huge mistake charging Ripple executives. Jay Clayton wanted to file a complaint against executives personally in a \u201cnon-fraud\u201d case. The SEC recently dropped the charges against Brad Garlinghouse<\/a> and Chris Larsen.<\/p>\n

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However, he asserts Jay Clayton in fact is a significant witness and should testify in court. Clayton met with Ripple\u2019s CEO and CTO, where Brad Garlinghouse said \u201cRipple is living in purgatory\u201d after the Hinman speech.<\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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