Policy & Regulation

Deaton Claims SEC Used Dirty Tactics, Harassed Ripple’s Customers and Garlinghouse’s Family

Published

10 months ago

January 10, 2025

Ripple CEO Brad Garlinghouse not too long ago shocked everybody by posting a photograph with Donald Trump, revealing that they’d shared a dinner collectively. This information has created pleasure, particularly given the U.S. Securities and Trade Fee’s (SEC) ongoing lawsuit in opposition to Ripple. With the January 15 deadline quick approaching, together with Trump’s inauguration and the approaching resignation of SEC Chairman Gary Gensler, the approaching weeks are of nice significance. Fanatics are eagerly awaiting how these occasions will influence Ripple and its future.

Professional-XRP advocate John Deaton took to social media and shared his ideas on the unbelievable comeback of Ripple and its CEO, Brad Garlinghouse, over the previous two years. Deaton highlighted Garlinghouse and Ripple Common Counsel Stuart Alderoty as key figures within the business turnaround.

I really like America, warts and all!

Consider the turnaround of occasions for a complete business in simply 2 years. No CEO or firm represents this turnaround greater than @bgarlinghouse and @Ripple (with its GC, @s_alderoty).

Not solely was Ripple wrongly sued, Garlinghouse was additionally… https://t.co/fCWNf0flcD

— John E Deaton (@JohnEDeaton1) January 8, 2025

He mentioned Ripple was wrongly sued by the SEC, whereas Garlinghouse was additionally personally sued, although there was no fraud. Deaton criticized the SEC for utilizing harsh and unfair ways throughout the case, together with pressuring Ripple’s prospects and companions overseas. Regardless of Ripple offering full particulars of each XRP transaction, the SEC nonetheless tried to drive Garlinghouse at hand over his private monetary info, together with bank card statements.

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“Not solely was Ripple wrongly sued, Garlinghouse was additionally sued individually (in a non-fraud case). Anybody acquainted with the Ripple lawsuit, together with me, is aware of that the SEC performed soiled and pushed moral boundaries,” Deaton wrote.

Deaton mentioned Garlinghouse fought again in opposition to the SEC’s bullying and refused to budge. His efforts, together with the assist of Ripple’s authorized crew, led to a victory for the corporate. Deaton ended by expressing how a lot issues have modified in simply two years and the way brilliant the long run seems to be for Ripple and the crypto business, particularly with a brand new president taking workplace.