SEC Faces Backlash Over Alleged Misconduct in Ripple Case

  • John Deaton accuses SEC lawyers of unethical conduct during the Ripple case.  

  • Ripple settles its case with a $125 million penalty, avoiding further U.S. restrictions.  

  • The XRP community is optimistic, though questions about future SEC actions remain.

Although Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has concluded, it continues to attract attention. Prominent attorney John Deaton recently claimed SEC lawyers engaged in intentional misconduct during the lawsuit, saying they misled the court.

SEC Misconduct Allegations

Deaton stated in a recent interview that the SEC’s legal team crossed ethical boundaries, calling for the dismissal of those responsible. His accusations center on how the SEC handled the Ripple lawsuit, with claims that the commission’s legal team misrepresented key details. He argued that this behavior went beyond normal legal strategy and was unethical.

Deaton’s remarks have ignited discussions within the XRP community, which has long criticized the SEC’s approach to regulating cryptocurrency.

Although the SEC has apologized for mischaracterizing XRP during the lawsuit, Deaton believes thi…

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