Judge slams SECgov lawyers for being hypocritical and self-serving. XRP Ripple JohnEDeaton1
closely, has taken to Twitter to once again take a jab at the SEC in the context of its legal suit against Ripple Labs.This time, he quoted federal judge Netburn, who criticized the legal team of the U.S. securities regulator struggling to prove its allegations that Ripple has been selling XRP tokens, as the regulator referred to them, as unregistered securities.
According to Deaton, the judge mentioned their"hypocrisy" when presenting arguments to the court about Hinman's speech. The judge emphasized that the lawyers of the regulatory agency are more interested in expanding control over the crypto market than wishing to obtain justice. The judge drew this conclusion from the fact that, on the one hand, the regulator argues that Hinman's speech is not relevant to the market's understanding of the SEC's regulation of the cryptocurrency space, and on the other hand, Hinman had consulted with the regulator's lawyers before delivering his speech on crypto assets.
cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his Speech, suggests that the SEC is adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.”
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