News View Non-AMP

Ripple vs. SEC: Pro-XRP Lawyer Challenges SEC And Ripple’s CEO Calls For Testimonies

Published by
Qadir AK

John Deaton, the founder of CryptolawUS and pro-XRP lawyer, criticized the SEC for their “aiding and abetting” charges against Ripple CEO Brad Garlinghouse. Deaton argues that if the SEC had just let former leaders Bill Hinman and Jay Clayton testify earlier, this whole mess might have been avoided. Think of the saved time, saved money, and oh, the increased crypto adoption we would be witnessing!

The “Ethereum Free Pass” Drama

Digital Asset Investor took it a step further. Besides Clayton and Hinman, they’re advocating for Lowell Ness, a past a16z attorney, and Chris Dixon to be summoned. Why? Because Clayton was the man behind what’s being called the “Ethereum Free Pass Speech.” Yep, that’s a thing. And these key figures could spill the insider beans about how the SEC really thinks about crypto.

Ripple’s CEO Speaks Out: “We’re Stuck!”

That’s what Brad Garlinghouse, the CEO of Ripple, reportedly exclaimed in a meeting with Clayton and Joel Katz, Ripple’s CTO. But neither Clayton nor Hinman ever confirmed that XRP was, in fact, a security. Deaton thinks this moment is pivotal—so much that Clayton should testify as a “fact witness.”

The Cost of Confusion: Ripple and XRP Market Impact

While legal eagles are battling it out, what’s happening to XRP? The digital asset has been on a roller coaster, with prices dropping and then ticking up 2% in just 24 hours. But a whale moved more than $20 million in XRP as traders scurried to find their footing. 

The courtroom drama is unfolding like a blockbuster thriller. Lawyers and investors agree: former SEC officials should testify to shed light on the real story behind crypto regulation. It’s not just about Ripple or XRP; it’s a case that could decide the fate of the crypto landscape in the U.S.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Bitcoin Faces Resistance at $119K as 613K BTC Threatens Selloff: What’s Next for BTC Price?

Bitcoin's upward momentum could face a major hurdle as over 613,000 BTC—worth billions—loom over the…

July 29, 2025

This ETH-Based Meme Coin Could Soar 9,900% and Turn $4,000 Into $400,000 Before Ethereum Reaches $10,000

Ethereum is the heart of the decentralized world, enabling all smart contracts, NFTs, and the…

July 29, 2025

Ruvi AI’s (RUVI) CoinMarketCap Listing Sparks Early Ripple (XRP) Excitement, Experts Say It’s This Summer’s Top Altcoin

The crypto world is in a frenzy over Ruvi AI (RUVI), the AI-powered altcoin that’s…

July 29, 2025

What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules

Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making…

July 29, 2025

Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered

Ethereum is entering a new phase of institutional adoption. From treasury strategies to bullish price…

July 29, 2025

Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $24,000 Before Cycle Top

Solana (SOL) has surged past $200, sparking excitement in the crypto market. Investors are buzzing…

July 29, 2025