SEC v Ripple – Lawyer sues SEC to protect XRP investors
LIVESTREAM with John E Deaton – SEC v Ripple – Deaton v SEC – XRP Not a Security
See Tweet below to read Deaton v SEC complaint:
On December 22, 2020, the Securities and Securities And Exchange Commission (SEC) dropped a bombshell complaint against San Francisco-based Ripple Labs.
According to the SEC’s complaint, Ripple; Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current CEO, raised capital to finance the company’s business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offering to investors in the U.S. and worldwide.
In today’s video, the XRP community strikes back. John E Deaton filed a complaint against the SEC requesting the SEC amend their complaint to exclude the claim that XRP owned by Petitioners constitutes securities. Also, a class action to set up a trust in the event any fines are levied against Ripple to be distributed to XRP investors.
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