TruthArchive.ai - Tweets Saved By @JohnEDeaton1

Saved - December 21, 2023 at 8:53 PM

@JohnEDeaton1 - John E Deaton

I know about 75K people who helped make it #1.

@CryptoLawUS - CryptoLaw

🚨“XRP Ruled Not a Security” is the #1 crypto story of 2023 (@axios) 👇🏻 https://www.axios.com/2023/12/20/crypto-2023-ftx-binance-biggest-stories

From NFTs to XRP: the biggest crypto stories of 2023 It was a brutal year in the industry, one in which the worst miscreants of the 2021 boom by and large met justice. axios.com
Saved - December 20, 2023 at 9:00 PM
reSee.it AI Summary
I brought @StevenNerayoff on the show to address allegations made against him. Despite the government dropping the case, I wanted him to provide evidence challenging the charges. He shared an audio recording where the alleged victim apologized for arguing. His lawyer explained that this recording formed the basis for the extortion charges. I believe it is important to hear from all parties involved, and I welcome those who claim to have been extorted to come on the show, including @VitalikButerin and @ethereumJoseph.

@JohnEDeaton1 - John E Deaton

I want to address why I brought @StevenNerayoff on the show because there are some diverse opinions on the matter. Considering there were 93,000 live viewers at the end of the yesterday’s show, the interest was clearly there. I have no idea why it says only 13K viewers.

@CryptoLawUS - CryptoLaw

Deaton on Nerayoff: The Hard-Hitting, No Holds Barred Interview https://t.co/76wC6pWATM

@JohnEDeaton1 - John E Deaton

But @CryptoLawUS does NOT have sponsors nor do I receive funding from anyone. In other words, how many views we get doesn’t drive us. I brought @StevenNerayoff on, along with his attorney, Mike Scotto, to address the allegations that Nerayoff was publicly making.

@JohnEDeaton1 - John E Deaton

I told Steve and his lawyer that if they came on my show, however, I would ask about Steve’s arrest and indictment. I also explained that I would share the government’s allegations with the world. They said do what you want.

@JohnEDeaton1 - John E Deaton

Like I said, there are no free passes on Crypto-Law. That doesn’t mean I’m going to engage in extensive cross-examinations or try and embarrass anyone, but I won’t let the platform be used to push any particular narrative. We are interested in FACTS and objective EVIDENCE.

@JohnEDeaton1 - John E Deaton

I’m very careful about getting involved in any way if fraud has been alleged. I’ve turned down cases that could’ve made me lots of money because fraud or theft was alleged or involved. Nerayoff was charged with extorting someone with the use of violence or the threat of violence.

@JohnEDeaton1 - John E Deaton

He’s claimed his innocence. The Government voluntarily dismissed his case once he refused to cooperate or plead guilty, and demanded basic discovery, such as his FBI Arrest Report. As a former federal prosecutor and defense lawyer, I find the Government’s behavior quite suspect.

@JohnEDeaton1 - John E Deaton

Although I found it suspicious, when someone is indicted for fraud, theft, extortion, etc., I am very cautious and do not want to platform anyone who could do that to innocent people. With that said, the Government’s own Motion to Dismiss cited learning exculpatory evidence.

@JohnEDeaton1 - John E Deaton

Despite all that, I told Nerayoff and his lawyer, that I wanted them to, not necessarily prove his innocence to me, but show me something that called into question the charges, other than the fact that the Government dropped the case, citing exculpatory evidence.

@JohnEDeaton1 - John E Deaton

They sent me an audio recording where the alleged extorted victim told Nerayoff, “I’m giving you more [tokens] than you’re asking for, so why are you arguing with me.” At which point, Nerayoff apologized citing he was still on his first cup of coffee for the morning.

@JohnEDeaton1 - John E Deaton

His lawyer explained that the recorded scene above was the basis for the extortion charges. Based on the fact that Nerayoff recorded these conversations and the fact that discovery showed the alleged co-conspirator was acting at the direction of an FBI agent, the Government’s case was clearly 💩

@JohnEDeaton1 - John E Deaton

Based on all of the above, I decided Nerayoff should be brought on the show and asked questions. But to be fair, if the people who claim he extorted them want to come on the show, they are welcomed. If @VitalikButerin or @ethereumJoseph want to come on the show, they are also welcomed.

Saved - December 13, 2023 at 12:15 AM

@JohnEDeaton1 - John E Deaton

Her bill is a BIG deal. NINE U. S. Senators have joined her, including Republicans and Independents. As I’ve said, if you’re talking about people, Elizabeth Warren is the single biggest threat to Crypto in the United States. It’s not Gensler because Gensler takes his marching orders from Warren.

@JoeCarlasare - Joe Carlasare

Warren’s new bill probably has the best chance of passing of any of the ‘crypto’ legislation in the last few years.

Saved - December 10, 2023 at 6:38 PM
reSee.it AI Summary
The #XRPArmy's impact on the @Ripple case is undeniable. Judge Torres recognized the significance of #XRPHolder Affidavits among the thousands of exhibits. The court's rejection of the SEC's theory and acknowledgment that it tests validity, not the SEC, set the tone. The efforts of amici curiae, including @naomibrockwell, were crucial. Judge Torres cited her case and clarified that secondary market transactions were not implicated. Our involvement mattered, proving skeptics wrong.

@JohnEDeaton1 - John E Deaton

No one could argue @novogratz is wrong about the #XRPArmy being real. There were TWO THOUSAND EXHIBITS entered as evidence in the @Ripple case. In her decision, Judge Torres cited only a couple dozen of those exhibits. #XRPHolder Affidavits made the cut. It all began with the Writ of Mandamus, which forced the @SECGov to acknowledge that the SEC doesn’t determine what is or isn’t a security and it is ONLY the Court who “tests the validity of the SEC’s theory.” Judge Torres dismantled and then rejected the SEC’s embodiment theory, coined and written about by the great @NYcryptolawyer). Then we filed the Motion to Intervene where the judge made note of the fact that NEVER in history had thousands of investors petitioned a Court, asking to be officially sued in order to become actual defendants in the case so they could protect their own property rights. We became amici curiae a year and half before any other amici appeared, and we helped exclude the bullshit so-called SEC Expert Witness who was claiming he knew what #XRPHolders believed when they acquired XRP - of course, without having interviewed a single XRP holder. In the Deposition of this so-called Expert Ripple lawyers entered a Twitter thread of mine as an exhibit and questioned him based on the almost FOUR THOUSAND Affidavits we submitted. This BS Expert testified that was unaware of all the things we highlighted in the Affidavits and, if had been aware of them, it could have affected his opinions. Judge Torres excluded his testimony and opinion that #XRPHolders only acquired XRP, relying on the efforts of Ripple. Without us, that never happens. Not only did Judge Torres cite #XRPHolder Affidavits in her Summary Judgment Decision but she also cited the efforts of @naomibrockwell in the @LBRYcom case. Naomi had the courage to go up against the Government and allow me to represent her in the case. On her behalf, and on the behalf of all #LBC holders, I asked the Judge to clarify that his decision was NOT applicable to secondary market transactions. In footnote 16 of her Decision, Judge Torres cites the transcript of the January 30, 2023 hearing that I attended as Naomi’s attorney. The exact page and line she cites is where the Judge is responding to my request for him to clarify his ruling, making it clear that secondary market transactions were not implicated in any way by his ruling. The page and lines that Judge Torres cites is where Judge Barbadoro responds to me and says that he will 💯 make it clear in his subsequent ruling that secondary market #LBC transactions are NOT implicated by his summary judgment decision. For whatever reason, Judge Barbadoro shamefully did not honor his word in his subsequent ruling, but that didn’t matter because Judge Torres clearly read what he had said on the record to me. Clearly, Judge Torres was paying close attention. If #XRPHolders would have taken the position that many were arguing on this platform - that whatever we do, it won’t make a difference - Judge Torres doesn’t cite our efforts. If Naomi Brockwell would have listened to people telling her not to get involved and highlight herself to the Government, Footnote 16 NEVER happens. Only a fool would claim we had no impact on the case.

@sentosumosaba - 🌸Crypto Eri 🪝Carpe Diem

"Hats off to @bgarlinghouse and his team. @Ripple is now, you know, an institution, you know the XRP army is real." - Mike Novogratz (with @RaoulGMI)@RealVisionDecember 9, 2023 https://app.realvision.com/video/mike-novogratz-on-2023-and-beyond

Mike Novogratz on 2023 and Beyond With a new crypto bull market seemingly underway, Mike Novogratz, founder and CEO of Galaxy Digital, joins Raoul to catch up on the last year in digital assets and discuss where they see the industry headed in 2024. In particular, Mike and Raoul discuss the importance of understanding the macro landscape when trading crypto, the potential for the crypto marketplace to expand, and more. app.realvision.com
Saved - December 9, 2023 at 6:38 PM
reSee.it AI Summary
Senator Elizabeth Warren violated her oath by conspiring with Gary Gensler, providing him with pre-determined questions and answers for a hearing. As a critic of Bitcoin and crypto, she failed to question Gensler about his meetings with SBF, the fraudulent CEO of an offshore exchange. Warren's ties to SBF's parents raise concerns about her impartiality. Despite pleas from constituents, she refused to address the SEC's actions against XRP holders. This raises questions about her priorities and disregard for regular people.

@JohnEDeaton1 - John E Deaton

ELIZABETH WARREN VIOLATED HER OATH As a Senator, sitting on the Banking Committee, @ewarren violated her oath. Her job is to provide and engage in actual oversight of the @SECGov. Instead, she conspired with her close friend @GaryGensler, not only giving him the exact questions she would ask before a hearing, but also the suggested answers to those same questions. That isn’t oversight - it’s fraudulent, coached testimony before Congress. She literally said that she didn’t want to place Gensler in a tough spot. Are you f’ing kidding me? HER JOB is to place the Chairman of the SEC in a tough spot - asking hard hitting or “tough” questions. Think about this: Elizabeth Warren is 💯 the single biggest critic of #Bitcoin and Crypto in the U.S. Congress. She sits on the Banking Committee overseeing the SEC. And yet, she hasn’t asked the SEC or Gensler about SBF’s multiple meetings with Gensler and the SEC. She hasn’t questioned why or how Gensler MISSED SBF’s Fraud, considering his up and close meetings with SBF. And why was Gensler meeting with SBF multiple times? Gensler wasn’t meeting with @brian_armstrong @iampaulgrewal and the @coinbase team - despite Coinbase begging for meetings and being the largest exchange in America and also a U.S. publicly traded company! No. Instead, Gensler was meeting with the CEO of an OFF SHORE exchange in the Bahamas who turned out to be the Bernie Madoff of Crypto. In her job overseeing the SEC, why hasn’t Warren asked for those meeting notes like @PatrickMcHenry and the @FinancialCmte have? Warren preaches against Crypto every chance she can, but doesn’t ask why Gensler missed @FTX_Official @CelsiusNetwork Luna/UST, etc.? Why not? She found time to help kill a couple banks that worked with Crypto companies. Why not focus on the source of the problem: actual fraud? Is she not asking certain questions because of her own ties to SBF’s parents? SBF’s father - Joe Bankman wrote Warren’s tax plan in 2016. We know without a doubt that he helped SBF create all those shell companies to avoid taxes. SBF’s Mother runs a PAC to help Democrats, like Warren, take get elected. I have over 600 #XRP holders who live in Massachusetts and who are her constituents. We begged Warren’s office to inquire about the SEC and do her job. Not only would she not give us the time of day, her staff said “The Senator is never going to help considering the SEC sued a couple billionaires” aka @chrislarsensf & @bgarlinghouse. What kind of position is that? Regular hard working people, including hundreds of her constituents, be damned, as long as a couple billionaires get screwed as well?

@digitalassetbuy - Digital Asset Investor.XRP

FOIA Anyone? The only thing she cares about with regard to the American people is deceiving them. @SenWarren #FOIAMADNESS @JohnEDeaton1 @Heritage @JsnFostr @EMPOWR_us https://t.co/Kg7v2sanml

Video Transcript AI Summary
Senator Elizabeth Warren's office allegedly coordinated testimony with the Security and Exchange Commission (SEC) before a Senate hearing. Emails obtained through a FOIA request show that Warren's economic policy adviser sent a list of questions to the SEC chairman, along with suggested answers. The adviser asked if the chairman had any issues with the questions and expressed a desire not to put him in a tough spot. During the hearing, Warren asked questions that closely mirrored those in the email. The video includes a clip of Warren questioning the chairman about the risks of crypto markets. Another speaker expresses opposition to cryptocurrencies, citing their potential use by criminals.
Full Transcript
Speaker 0: Alright. A bombshell report tonight about how Elizabeth Warren, senator Elizabeth Warren, and her office coordinated testimony with the Security and Exchange Commission ahead of a Senate hearing. The Heritage Foundation oversight project, of which I'm associated, through a FOIA request, obtained emails from Warren's office to the office of chairman Gary Gensler 2 days before his senate testimony back in September of 2021. The email from Warren's economic policy adviser includes a list of questions. Get this. A list of questions that senator Warren planned to ask along with suggested answers for the chairman of the SEC. The advisor also wrote, quote, let me know if you're okay with the questions as currently written. 2 days later, she sent a follow-up, quote, let me know if it's looking like the chair has any issue with the framing of the questions. Definitely don't wanna put him in a tough spot, end quote. And it appears the chairman didn't have any issue with these questions because senator Warren asked almost verbatim from the email. Check this out. Speaker 1: Chair Gessler, advocates say crypto markets are all about financial inclusion, But the people who are most economically vulnerable are the ones who are most likely to have to withdraw their money the fastest when the market drops. Does this sound like the path to financial inclusion to you? Speaker 2: I've always been deeply opposed to crypto, Bitcoin, etcetera. You pointed out the only true use case for it is criminals, drug traffickers, anti money laundering, tax avoidance. And that is a use case, because It is somewhat anonymous, not fully, and because you can move money instantaneously and because it doesn't go through as you mentioned, all these systems have built up over many years. Know your customers, sanctions, OFAC is they can get bypass all of that. I if I was the government's, I'd close it down. Speaker 1: Okay.
Saved - December 7, 2023 at 3:56 PM

@JohnEDeaton1 - John E Deaton

The fact that a person running for President openly criticized @GaryGensler proved we’re winning the long game. It shouldn’t be this difficult or take this long, but, collectively, we’re winning. I’m sure there’s more pain and fighting to come, but in the end, we win!

@digitalassetbuy - Digital Asset Investor.XRP

In the last two days we've seen two Congressmen announce their resignation and a presidential candidate openly call out the SEC Chairman for his INTENTIONAL suppression of the crypto industry. I think it's time for some in power to ask themselves if they see Signs...You can can't ignore the people's will forever without consequences.

Video Transcript AI Summary
SBF's success at FTX highlights the inadequacy of the current framework. Many individuals in group 1 perceive miracles and hold onto hope, believing that assistance will be available when needed. It is disappointing that Gary Gensler, the SEC leader, couldn't confirm if Ethereum is a regulated security. Are coincidences non-existent?
Full Transcript
Speaker 0: The fact that SBF was able to do what he did at FTX shows that whatever they have as the current framework isn't working. Speaker 1: But there's a whole lot of people in the group number 1. When you see those 14 lights, they're looking at a miracle. And deep down, they feel that whatever's going to happen, there will be Someone there to help them, and that fills them with hope. There. Speaker 0: And I think it is nothing short of embarrassing that Gary Gensler, the current leader of the SEC, in front of could not even say whether Ethereum counted as a regulated security or not. Speaker 1: So what you have to ask yourself. What kind of person are you? Are you the kind that sees signs, sees miracles, or do you believe that people just get lucky? Or look at the question this way. There. Is it possible that there are no coincidences?
Saved - December 7, 2023 at 7:30 AM

@JohnEDeaton1 - John E Deaton

Talk about being a fucking hypocrite! Who’s the criminal Jamie Dimon? Let me ask you a question: In the last 5 years when @jpmorgan has been FINED over THIRTY FIVE BILLION DOLLARS ($35,000,000,000) for illicit and fraudulent activities, did any of your staff use #Bitcoin or Crypto?

@GoingParabolic - Jason A. Williams

Jamie Dimon, CEO of JP Morgan says, “if I was the federal government I would shut down crypto and #Bitcoin.” https://t.co/Xvyp3oHcZW

Video Transcript AI Summary
The speaker strongly opposes cryptocurrencies like bitcoin, stating that their only real use is for criminals involved in drug trafficking, money laundering, and tax evasion. This is because cryptocurrencies offer some level of anonymity and allow for instant money transfers without going through established systems like know your customer protocols, sanctions, and OFAC. The speaker suggests that if they were in the government's position, they would shut down cryptocurrencies.
Full Transcript
Speaker 0: Deeply opposed to crypto, bitcoin, etcetera. You pointed out the only true use case for it is criminals, drug traffickers, anti money laundering, tax avoidance. That is a use case, because it is somewhat anonymous, not fully, and because you can move money instantaneously and because it doesn't go through, As you mentioned, all these systems have built up over many years, know your customers, sanctions, OFAC. It's they didn't get bypassed all of that. I if I was the government's, I'd close it down.
Saved - December 5, 2023 at 7:30 PM

@JohnEDeaton1 - John E Deaton

@GOPMajorityWhip using the Hinman emails with the SEC’s alleged Crypto Czar to prove what we all know. These lawyers have lost their sight of why they have a job: protect investors. They don’t. They protect themselves and their agendas. They don’t respect the law. They sure as hell don’t follow it.

@GOPMajorityWhip - Tom Emmer

If it wasn't obvious before, it's certainly obvious now: The SEC has a deliberate policy preference to provide LESS clarity to the marketplace instead of more clarity. Complete disservice to our great capital markets. https://t.co/iNuOJYKjGf

Video Transcript AI Summary
During the hearing, the speaker questioned the witness about a speech given by Bill Hinman, the former director of the SEC's division of corporation finance. The witness confirmed that she reviewed drafts of the speech and suggested providing less detail to generate more discussion. The speaker then asked if the current SEC chair shares this view, but the witness couldn't testify about the chair's opinion. The speaker also inquired if Finhub, where the witness works, has issued any guidance on crypto since Chair Gensler took office, to which the witness didn't provide a clear answer. The speaker then mentioned the SEC's arguments in court regarding the speech and accused the SEC of not adhering to the law. The witness couldn't comment on pending litigation.
Full Transcript
Speaker 0: Thank you, mister chair, and thanks to our witnesses for joining us today. When Bill Hinman was the director of the SEC's division of corporation finance, he gave a speech on June 14, 2018 entitled digital transactions when Holly met Gary. In this speech, he famously discussed how tokens can morph from securities to non securities, and he stated that ether is not a security, miss Capanek, you reviewed and commented on drafts of the speech, didn't you? Speaker 1: Yes. I did. Speaker 0: When reviewing a draft, you said that providing, quote, less detail in the speech was better because the concept of a token morphing hap, from a security to a nonsecurity was a new concept and would generate a lot of discussion. Do I have that correct? I believe so. So you thought the SEC should give less clarity to the market rather than more. I understand you thought the, token morphing concept would generate a lot of discussion. But when the industry complains about a lack of clarity, I see it was a deliberate policy preference. Does the current SEC chair share that view? Speaker 1: So I I can't really testify about the current chair's view. What I can say is that, the the determination whether any particular asset is a securities, a facts and circumstances based determination. And what I do as the director of Finhub with my staff is to provide the facts to the folks at the SEC who are making that Termination is typically gonna be a division of corporation finance. Speaker 0: Reclaiming my time because that's a perfect segue. Has Finhub issued any guidance since chair Gensler took office to clarify how the securities laws apply to crypto? Speaker 1: So as I mentioned, Finhub's role is really to be a subject matter expert. So we my Speaker 0: time, ma'am. I I'm asking a very specific question. Has Finhub issued any guidance? Speaker 1: Finhub typically gets involved with other divisions and Speaker 0: who are issuing statements Declaring my time. I, I take the answer is no because it is no. It seems to be enforcement through, or rulemaking through enforcement action, in his speech, Hinman announced that ether was not a security is not a security. Is that your view today? Speaker 1: I can't comment on a particular asset. Speaker 0: Well, just to back up for a second. You provided feedback on the speech, and so did Brett Redfern, who was then the director of the SEC's division of trading and markets, yet first, the SEC argued in court that the speech was Hinman's own personal opinion, then the SEC argued that the speech was the opinion of only the division of corporation finance, which Hinman led. But why would people across the SEC from Finhub to the division of trading and markets comment on a speech that has the views of only 1 person or only 1 division, that doesn't make any sense. Speaker 1: I hope you can appreciate that I can't comment on Pending matters that are in litigation or investigation. Speaker 0: Okay. Fair enough. The southern district of New York even called the SEC's arguments hypocrisy, that the SEC would argue that the speech is not relevant to the market's understanding of how the SEC will regulate crypto, while it's a fact that Hinman obtained legal advice from SEC counsel in drafting his speech, the court said SEC is adopting its litigation positions to further its desired goal and not out of faithful allegiance to the law. That is what all of us in congress have seen. The SEC is not adhering to the law. That's why it keeps losing in court. Does the chairman of the SEC tell you to to adopt positions to further a specific goal, his own personal goal, rather than allegiance to the law? Speaker 1: Again, I I can't comment on any matters that are pending in litigation, but I will say that Speaker 0: I do appreciate it. I I reclaim my time, I think you answered the question. Thank you, mister chair. I yield back the balance of my time.
Saved - December 5, 2023 at 12:44 PM
reSee.it AI Summary
The Debt Box case exposes the SEC's questionable tactics. Judge Netburn criticized the SEC lawyers for lacking allegiance to the law and prioritizing their own agenda. The SEC obtained a one-sided temporary restraining order (TRO) without notifying Debt Box or its attorneys. The SEC falsely claimed that notifying the defendant would lead to evidence destruction and asset transfers. Judge Netburn highlighted the SEC lawyers' lack of honor and integrity. Hopefully, the judge will penalize the SEC and secure damages for Debt Box, while banning the involved attorneys from future cases.

@JohnEDeaton1 - John E Deaton

The Debt Box case is a great example of why Judge Netburn felt COMPELLED to announce to the world that lawyers at the SEC “lack a faithful allegiance to the law” and do or say anything to advance its own agenda. In Debt Box the SEC successfully obtained a temporary restraining order (TRO) and asset seizure. In this situation SEC lawyers file an ex parte application, meaning Debt Box or its attorneys were completely unaware of the proceedings and therefore, couldn’t challenge what the SEC was claiming. A TRO is a 💯 one-sided proceeding. In a TRO the SEC claims notifying the defendant will likely result in them destroying evidence or secretly transferring assets overseas. The SEC lied to the Court and said this was already happening. In a TRO, the Judge presumes SEC lawyers have a “faithful allegiance to the law” and would not misrepresent facts to the Court just to get what they want. The SEC told the judge if he didn’t grant the TRO investors would be greatly harmed and the money would be lost forever. Judge Netburn was letting it be known that SEC lawyers lack honor and integrity. She literally called them hypocrites who only care about advancing their agenda. Too bad the Debt Box judge didn’t get the Netburn Memo 📝 Hopefully, this judge HAMMERS the SEC, fines the attorneys involved, and makes the SEC pay some form of damages to Debt Box. If I were the judge I would also ban the SEC attorneys from ever appearing in any of my cases again.

@JoelKatz - David "JoelKatz" Schwartz

I've just read over the documents in the Debt Box case and this is absolutely shocking behavior. The SEC went to a judge seeking an emergency order to paralyze several businesses and blatantly misrepresented facts to get it before anyone on the other side could defend themselves.

Saved - December 2, 2023 at 1:24 AM
reSee.it AI Summary
A federal judge is considering sanctions against the SEC for lying in a crypto case. SEC lawyers like Jorge Tenreiro and Gurbir Grewal have misled the Court, despite judges calling them out. The Financial Committee is hesitant to issue a subpoena, but it's necessary for oversight. Even Democrats like Ritchie Torres acknowledge the SEC's overreach. A subpoena should be served, even if litigation is required. Have faith in the Courts to establish a precedent against administrative overreach.

@JohnEDeaton1 - John E Deaton

Any person surprised a federal judge is considering sanctions against the SEC for lying to the Court, in a case involving crypto, has not been paying attention during the last 3 years. It appears the Lawyers at the SEC have made it personal when it comes to crypto cases. SEC lawyers like Jorge Tenreiro and @GurbirGrewalNJ don’t hesitate to intentionally mislead the Court. Despite federal judges calling out the SEC, including a judge saying SEC lawyers lack a faithful allegiance to the law, and the SEC blatantly ignoring Congressional requests, the @FinancialCmte is hesitant to issue a Congressional subpoena. @PatrickMcHenry, Sir, you and others, by sitting on that Committee, know the oath you took requires that you conduct Congressional oversight of the @GaryGensler and the @SECGov. Even Democrats like @RitchieTorres have recognized that Gensler and the SEC are OUT OF CONTROL. It’s so bad, Federal judges are threatening sanctions. I realize a subpoena has never been issued to the SEC. I realize you respect tradition and Congressional norms. But what more must happen before serving a subpoena? If you’re concerned the SEC will ignore it and force litigation, so be it. Litigate it. Have faith in the Courts. You will win and the precedent you establish will blow a huge hole in the barrier protecting the gross overreach of the Administrative State.

@leomschwartz - Leo Schwartz

The SEC is facing a rare rebuke—and sanctions—from a federal judge for misrepresenting facts in a crypto case. The judge accused the agency of "materially false and misleading representations." W/ Fortune's resident legal scholar @jeffjohnroberts: https://fortune.com/crypto/2023/12/01/federal-judge-sec-crypto-debt-box-rebuke-restraining-order-gensler/

Judge scolds SEC for apparent deception in crypto case, threatens to sanction agency The SEC is suing crypto firm DEBT Box for allegedly defrauding investors out of nearly $50 million. fortune.com
Saved - December 1, 2023 at 4:57 PM
reSee.it AI Summary
The SEC has faced numerous accusations of corruption and dishonesty. They threatened to bankrupt LBRY.com, lied about documents in a lawsuit, and falsely claimed I made threats and promoted drug use. A judge found their conduct arbitrary and capricious, while another judge criticized their lack of allegiance to the law. This corrupt agency believes it is above the law.

@JohnEDeaton1 - John E Deaton

I’ve been saying for over 3 years that the SEC is a corrupt institution. For those of you who believe I’m wrong, read 👇 As you read Austin’s post, don’t fool yourself into believing that this is just one isolated incident. In a NON-FRAUD case, the SEC threatend to Bankrupt @LBRYcom long before suing them - and then proceeded to do it. The SEC was sued by @EMPOWR_us and got caught in a lie, claiming there were no documents when there were thousands. The SEC lied to Judge Torres claiming I actually threatened to physically harm SEC staff and promoted drug use when they asked her to kick me off the @Ripple case. The judge ignored their nonsense and then proceeded to cite the two things I did in her decision, finding XRP is not a security ((how’s that feel JT). An Appellate court found the SEC’s conduct arbitrary and capricious. In the Voyager Bankruptcy the Judge chastised SEC attorneys for the way they were handling themselves. The @SECEnfDirector @GurbirGrewalNJ 💯 misled @WarrenDavidson under oath at a hearing when he said he couldn’t answer whether Hinman’s speech was approved by the SEC’s Ethics office because the matter was being litigated. That issue was NOT being litigated in any manner. Ripple never even raised the issue, so how could it have been litigated? He lied misled Congress and avoided answering the question because he lacks honor. Speaking of honor, or the lack thereof, a federal judge wrote in a public decision that the SEC’s attorneys were not only hypocrites, but they lacked faithful allegiance to the law. Ouch! And look 👇, more lies by the SEC. Another judge calling them out. It is a corrupt agency that believes it is above the law.

@CampbellJAustin - Austin Campbell

"Fuck the SEC" I am sure you are used to this sentiment coming from the crypto folks, but what if I told you that it was not, in fact, the crypto crowd that just said this, but rather a federal judge in Utah. Don't believe me? Read on. For those who have forgotten, among the many battles the SEC has picked, they are attempting to go after Debt Box, where they alleged that Debt Box was essentially a fraudulent enterprise and received a TRO against them (as reported by @CoinDesk among others). There's a small, teensy tiny problem with that situation now, though, which is that a federal judge just found the SEC lied to obtain the TRO and now is potentially facing sanctions in this case. Yes, you read that correctly. The SEC had declined to mention, as they accused Debt Box of closing accounts and sending funds out of the country, that those accounts were being closed by banks, not Debt Box (possibly in response to regulatory pressure!) and that the money had been sent not out of the country, but to a credit union in the USA. Small details, right? The kind that completely undermine the exact premise of why they needed the TRO, which was an illegal conspiracy to move funds out of US reach, and more so, not even being done by the defendants if banks were closing their accounts as regulators cracked down on crypto. I joke about setting fire to someone's house and calling it a fire hazard, but this is basically exactly that. The good news is the judge is absolutely, completely, and totally not fucking having it. The TRO has been dissolved and now the SEC is facing a rather brutal set of questions to answer to show they should not be sanctioned for their conduct. The good news for the crypto community is that this sort of conduct is exceptionally bad, even by SEC standards, and I'm going to suspect the fact that the SEC is being sanctioned for misrepresentations might be of interest to people like @BinanceUS, @krakenfx and @jespow (ht to another guy who called them out for similar BS, as this should cause you to upgrade your credibility estimate of Jesse's words here in the Kraken case). To me, though, the most insulting part of this is that in the process of being mustache twirling villains, the SEC couldn't even be competent at it. Like, you didn't call any of these banks? You didn't do any additional legwork, you just assumed crypto evil = no research required? Pathetic. Some people should be disbarred if this is the way they practice law because that's just sad. I know the SEC isn't going to magically start being a good faith actor (and conduct like this is making me come around to the view that they actually should be disbanded and either restarted from zero or their remit given to another agency with better guardrails), but is it too much to ask to at least be competent at being evil instead of bumbling buffoons lying in federal court because you couldn't be bothered to do basic research? To leave you with another quote, then, on just how low the standards are getting here: "Hear the wish of the oppressed, To at least get to be oppressed in style" - Samurai (ft. @Refused)

Saved - November 30, 2023 at 5:41 PM
reSee.it AI Summary
When I sued the SEC, many called me crazy. But the truth is, the SEC thrives on intimidating people with taxpayer resources. Some fear fighting them means the IRS will be called too. Remember, America was built on fighting government oppression. It's our duty to resist!

@JohnEDeaton1 - John E Deaton

I remember when I sued the @SECGov and some people said “you’re crazy.” Why? The SEC is only good at ONE THING: intimidating people because they have the unlimited resources of the American taxpayer. And some people also get intimidated because maybe fighting the SEC will mean the SEC calls the IRS on you as well. This country was born fighting against government oppression and intrusion. It is MOST AMERICAN to fight back!

@s_alderoty - Stuart Alderoty

Today’s Wall Street Journal: “The Supreme Court has repeatedly ruled against the SEC in recent years.” The SEC is anything but infallible; it is bloated, broken and beleaguered. Don’t be intimidated when they come knocking. https://t.co/2KG8yml0aY

Saved - November 29, 2023 at 8:12 PM
reSee.it AI Summary
In his final act, SEC Chairman Jay Clayton aimed to limit US innovation in the crypto industry to BTC and ETH. Clayton's move coincided with his joining One River, a firm that had made a $1B bet on BTC and ETH. His law firm, Sullivan & Cromwell, represented Consensys and brokered the deal where Consensys acquired JP Morgan's Quorum. Despite claims by Consensys' Lubin that XRP wasn't a competitor, the WEF thought otherwise. Hinman, during his deposition, revealed that Clayton had a vested interest in meetings with ETH representatives. Clayton's conflicts of interest, including voting against his firm's client's competitor, raise concerns about fairness and impropriety. The article highlights the need for a level playing field and unbiased regulation.

@JohnEDeaton1 - John E Deaton

“Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH.” -@bgarlinghouse on 12-21-20 Now consider this: 2 months before that final act by Clayton, #OneRiver made a $1B bet on #BTC & #ETH, and once Clayton left the SEC, he almost immediately joined #OneRiver. Also consider that Clayton’s law firm, Sullivan & Cromwell (who he was receiving money from) represented @Consensys and @ethereumJoseph and brokered the deal where Consensys acquired JP Morgan’s Quorum which was pushing/utilizing the #JPMCoin. Lubin constantly claimed that he did not consider #XRP or @Ripple as competitors - even though the WEF thought otherwise: 👇

@bgarlinghouse - Brad Garlinghouse

Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3) https://fortune.com/2020/12/21/ripple-to-be-sued-by-sec-cryptocurrency-xrp/

Ripple says it's about to be sued by the SEC, in what the company calls a parting shot at the crypto industry A potential lawsuit over Ripple and XRP would be a bombshell for the crypto industry. fortune.com

@JohnEDeaton1 - John E Deaton

Consider that during his deposition, Hinman admitted that he was the one who reached out to Joe Lubin to discuss #ETH. When asked by Ripple’s lawyers whether Clayton was the one who asked Hinman to reach out to Lubin and Consensys, Hinman testified that he couldn’t recall whether Clayton had suggested it. 🤔

@JohnEDeaton1 - John E Deaton

However, Hinman did testify that Clayton inquired about how the meetings were going with the #ETH folks. Clayton asked Hinman MORE THAN ONCE about those very meetings. Clearly, Clsyton had a vested interest in those meetings. Do you have any idea how many meetings Hinman had as Director of Corporation Finance that Clayton didn’t ask about?

@JohnEDeaton1 - John E Deaton

Now also consider that Clayton agreed at his confirmation hearing and swore under oath that if one of Sullivan & Cromwell’s clients were facing an enforcement action, Clayton would recuse himself and NOT vote against the enforcement action 🆚 one of his firm’s clients. Instead, however, he voted FOR an enforcement action 🆚 his firm’s client’s biggest competitor.

@JohnEDeaton1 - John E Deaton

Now you see why I said that Lubin hiring Sullivan & Cromwell partners (Clayton’s partners) to become Deputy GC of Consensys and Co-Director of the Brooklyn Project AND hired Sullivan & Cromwell to represent Consensys was a savvy brillaint legal move. At a minimum, Lubin preempted Clayton from voting if Consensys, he, or the Ethereum Foundation faced an enforcement action. But recusing the Chairman is so much bigger than recusing one vote out of five (although that’s huge). The Chairman dictates policy and sets the agenda. For example, although it required two more votes to sue Ripple, as Chairman, if Clayton didn’t want to file the case on his last day at the SEC, he wouldn’t have.

@JohnEDeaton1 - John E Deaton

I won’t go into the MASSIVE Hinman conflicts during this post, but when you consider those conflicts (including the SEC Ethics office informing Hinman he was violating the criminal financial conflicts statute) in addition to Clayton’s, it proves that @bgarlinghouse was 💯 correct when he said Clayton and the SEC were picking the winners. Even if you hate Ripple and believe #XRP was sold as an unregistered security, if you believe in free markets and a fair level playing field, these gross appearances of impropriety should concern or anger you.

@JohnEDeaton1 - John E Deaton

Who gets a regulatory free pass and who gets sued can’t be based on which law firm you hire to represent you. Here’s a fact: if @bgarlinghouse and @s_alderoty would’ve rushed to hire Sullivan & Cromwell to represent Ripple once they learned Clayton was appointed as Chsirman, Ripple would not have been sued on Clayton’s watch. It may have been sued once @GaryGensler was appointed - but not before. And think of this: if Hinman doesn’t give the #ETH free pass speech - a speech where the ONLY commissioner to have reviewed and ok’d it was Clayton himself - would Gensler not only sue Ripple and @bgarlinghouse over #XRP but also sued @Consensys @ethereumJoseph @VitalikButerin and @ethereum over #ETH? 🤷‍♂️ - your guess is as good as mine. But I do know, our markets deserve better.

Saved - November 23, 2023 at 9:44 PM
reSee.it AI Summary
Enforcement actions must align with investor harm, ensuring accountability for regulators. Avoiding conflicts of interest is crucial at @SECGov @CFTC, deterring cashing in. Questioning the need to bankrupt @LBRYcom over a $130K fine or @Ripple's $150M spend when buyers felt SEC caused harm.

@JohnEDeaton1 - John E Deaton

The most important point here is tying enforcement actions to actual harm caused to investors and holding regulators accountable. Instilling accountability will also deter conflicted regulators from cashing in on the revolving🚪at the @SECGov @CFTC and other agencies. Did we need to bankrupt @LBRYcom, costs it millions in legal fees, all for $130K fine? Did @Ripple need to spend $150M when the buyers of the token sincerely believed it was the SEC who was causing them harm?

@daveweisberger1 - Dave Weisberger

Good idea. Simple bill to write: 1) No enforcement actions without demonstrable harm 2) fines limited to disgorgement plus harm 3) agency loses case, must reimburse company for legal fees 4) after a threshold of legal costs incurred to agency is exceeded the decision makers lose their job (for accountability purposes) How about it? @WarrenDavidson @PatrickMcHenry @GOPMajorityWhip @RepRitchie @SenLummis @SenGillibrand @VivekGRamaswamy @NikkiHaley @GovRonDeSantis Should be sensible & bipartisan. It would help foster innovation and cut back on wasted taxpayer money while FORCING agencies like the SEC to focus on actual “bad guys”

Saved - November 22, 2023 at 9:16 AM

@JohnEDeaton1 - John E Deaton

Listen, anyone who has been paying attention knows that at some point the incumbents said “we can’t kill it, it’s here to stay” and decided to crush it so they could buy it up. @cvpayne and I almost a year ago. https://t.co/t3YoWyHti9

Video Transcript AI Summary
Cryptocurrencies like Bitcoin have allowed individuals to take the lead in the industry, particularly in front-running hedge funds. However, there is a belief that the recent criticism of crypto by Gensler is a ploy to enable hedge funds and Wall Street to enter the market and manipulate it. This strategy has been observed in the stock market as well.
Full Transcript
Speaker 0: And what I think was happening is that cryptocurrencies and Bitcoin, it's one of the few times in history where the individual kind of front run the the industry, if you will, in the hedge funds. And personally, I think the Gensler's attack on crypto though is to allow the hedge funds and the Wall Streeters to come in, crash the market. They come in and then By the way, they do that in the stock

@cz_binance - CZ 🔶 Binance

Deutsche Bank applies for digital asset license. 🤷‍♂️

Saved - November 21, 2023 at 6:08 PM
reSee.it AI Summary
John Deaton criticizes Gary Gensler, accusing him of being a dishonorable regulator. Deaton mentions Kraken's decision to settle for $30M, highlighting the financial burden of legal battles faced by Ripple and Brad Garlinghouse. Deaton speculates that Kraken's settlement may have involved discussions about employee layoffs. James Woodrow suggests subpoenaing Gensler, implying dissatisfaction with his actions.

@JohnEDeaton1 - John E Deaton

@GaryGensler is a despicable and dishonorable regulator. He knew that @krakenfx believed it was buying peace for the $30M. I know some people are critical of it’s choice to settle and pay the $30M. I wanted them to fight as well. But when you decide to fight, $30M takes you only so far, like maybe only 1/3 of the way - if you’re lucky. Ask @Ripple and @bgarlinghouse, who spent $150M plus so far, and is STILL paying millions in legal fees. I wasn’t in the room with the Kraken leadership when the decision was made to settle but I GUARANTEE you things like the permanent layoffs of good loyal employees were discussed. When the belief is $30M buys you peace and keeps good people employed, I understand why a company makes it. Unfortunately, Gensler doesn’t give a shit about those same employees or investors. He’s a disgrace and I can’t wait to see him go down.

@jespow - Jesse Powell

Message is clear: $30m buys you about 10 months before the SEC comes around to extort you again. Lawyers can do a lot with $30m but the SEC knows that a real fight will likely cost $100m+, and valuable time. If you can't afford it, get your crypto company out of the US warzone.

@JamesWoodrow90 - JamesXRP

@JohnEDeaton1 @GaryGensler @krakenfx what’s @PatrickMcHenry waiting for? Subpoena @GaryGensler already

Saved - November 16, 2023 at 5:38 PM
reSee.it AI Summary
John Deaton raises concerns about the SEC's due diligence in granting a free pass, questioning why they haven't provided the requested emails and documents in the EMPOWR lawsuit. XRP Productions acknowledges the importance of the question.

@JohnEDeaton1 - John E Deaton

This certainly raises questions regarding the due diligence Hinman testified about performing before granting the free pass. Why hasn’t the SEC turned over the emails and documents sought by the @EMPOWR_us lawsuit?

@StevenNerayoff - Steven Nerayoff

ETHEREUM RESCUE & RESTRUCTURE PLAN: In late 2014 Ethereum was in trouble. Vitalik Buterin asked Steven Nerayoff to do a full diagnostic assessment and recommendations on how to save Ethereum and restructure it for long term success. Over the early months of 2015 Steven and Vitalik spoke many times. These are five of those conversations that happened to be recorded. Thank you to @AlturaNFT for their support in bringing this piece of history to life. Available to mint below - https://real-truth.marketplace.alturanft.com/item/137/0x9a5bacd18be44a214515519238c728faec1468e0/1

ETHEREUM RESCUE & RESTRUCTURE PLAN In late 2014 Ethereum was in trouble. Vitalik Buterin asked Steven Nerayoff to do a full diagnostic assessment and recommendations on how to save Ethereum and restructure it for its long term success. Over the early months of 2015 Steven and Vitalik spoke many times. These are five of those conversations that happened to be recorded, a transcript of those recordings, and a rough outline of the Rescue & Restructure plan by Steven real-truth.marketplace.alturanft.com

@XRP_Productions - XRPP

@JohnEDeaton1 @EMPOWR_us Very good question.

Saved - November 15, 2023 at 6:19 AM
reSee.it AI Summary
John Deaton expresses disappointment in Patrick McHenry for not issuing a subpoena to Gary Gensler, who has been uncooperative with congressional oversight. Steven Nerayoff highlights the SEC's illegal subpoenas and Congress's failure to address the issue. The conversation raises concerns about due process and oversight of executive agencies.

@JohnEDeaton1 - John E Deaton

I’ve been a supporter of @PatrickMcHenry. But he has yet to issue a subpoena to @GaryGensler, who refuses to comply with a single congressional oversight request. Let’s be honest, there should’ve been multiple subpoenas issued to Gensler and the @SECGov by now.

@bpcostello - Brian Costello

@PatrickMcHenry, you're allowing @GaryGensler to shield China and obscure a criminal racket within the US capital market to safeguard donors. This supports China's deceptive economic growth, and fuels their military. You and you alone as @FinancialCmte Chairman have the opportunity to shine a spotlight on Biden admin protecting China at @secgov. Will you act in the interest of the American people and the men and woman who protect this country? @JohnEDeaton1 @mattgaetz @RepDonaldsPress @DC_Draino @LauraLoomer @gc22gc

@StevenNerayoff - Steven Nerayoff

We caught the SEC issuing illegal subpoenas & tried to hide them in another case file. Yet Congress won’t issue a valid subpoena to the SEC. Takeaways: Individual Due Process & Congressional Oversight as applied to Executive Agencies are both myths. @finlaw @belisarius2020 @freddyriz @attorneyjeremy1 @WarrenDavidson

Saved - November 15, 2023 at 5:50 AM
reSee.it AI Summary
John Deaton expresses disappointment in Patrick McHenry for not issuing subpoenas to Gary Gensler and the SEC, who have failed to comply with congressional oversight requests. Steven Nerayoff highlights the SEC's illegal subpoenas and Congress's lack of action. ScoobyDont1918 suggests the SEC may be using the data they have on Nerayoff for blackmail.

@JohnEDeaton1 - John E Deaton

I’ve been a supporter of @PatrickMcHenry. But he has yet to issue a subpoena to @GaryGensler, who refuses to comply with a single congressional oversight request. Let’s be honest, there should’ve been multiple subpoenas issued to Gensler and the @SECGov by now.

@bpcostello - Brian Costello

@PatrickMcHenry, you're allowing @GaryGensler to shield China and obscure a criminal racket within the US capital market to safeguard donors. This supports China's deceptive economic growth, and fuels their military. You and you alone as @FinancialCmte Chairman have the opportunity to shine a spotlight on Biden admin protecting China at @secgov. Will you act in the interest of the American people and the men and woman who protect this country? @JohnEDeaton1 @mattgaetz @RepDonaldsPress @DC_Draino @LauraLoomer @gc22gc

@StevenNerayoff - Steven Nerayoff

We caught the SEC issuing illegal subpoenas & tried to hide them in another case file. Yet Congress won’t issue a valid subpoena to the SEC. Takeaways: Individual Due Process & Congressional Oversight as applied to Executive Agencies are both myths. @finlaw @belisarius2020 @freddyriz @attorneyjeremy1 @WarrenDavidson

@StevenNerayoff - Steven Nerayoff

@JohnEDeaton1 @PatrickMcHenry @GaryGensler @SECGov @finlaw @Belisarius2020 The SEC was officially not involved in my false prosecution yet they issued illegal subpoenas AND have 14 Gigs of data on me?!?! Why have data on someone they’re supposedly not investigating? It’s rhetorical, at least in a country which supposedly has due process. #RogueAgencies

@ScoobyDont1918 - Skulls and Crossbones 1918

@StevenNerayoff @JohnEDeaton1 @PatrickMcHenry @GaryGensler @SECGov @finlaw @Belisarius2020 It’s called blackmail somewhere down the road. They are keeping that information in their hip pocket just in case.

Saved - November 5, 2023 at 4:43 PM
reSee.it AI Summary
JohnEDeaton1 expresses frustration with unelected individuals in regulatory positions, specifically mentioning Kristina Wyatt, the SEC's former senior counsel for climate and ESG. He suggests the possibility of filing a class action lawsuit related to regulatory capture. In response, cowboycrypto313 highlights that Peter Thiel's Alumni Ventures is a major investor in Persefoni, where Wyatt currently works. Wyatt has a background in law, having previously worked at Latham & Watkins and returned to the SEC before joining Persefoni.

@JohnEDeaton1 - John E Deaton

@BoringSleuth @NerdNationUnbox @sentosumosaba @cowboycrypto313 @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 Please assemble what you can on Kristina Wyatt — the SEC's former senior counsel for climate and ESG to the director of the Division of Corporation Finance and Tempe, Arizona-based climate software developer Persefoni. I’m so fucking sick of these unelected unethical people using their temporary position of regulatory power to conspire with a few and grossly enriching themselves. And this isn’t the typical revolving 🚪 at the SEC anymore. It has gotten so bad they don’t even try to hide it anymore. Looks like I might be filing not just one class action lawsuit related to regulatory capture for the purposes of providing a monopolistic advantage.

@cowboycrypto313 - Cowboy.Crypto ☀️

@JohnEDeaton1 @BoringSleuth @NerdNationUnbox @sentosumosaba @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 Alumni Ventures (Peter Thiel) is a big investor of Persefoni. Kristina Wyatt is ex Latham & Watkins for over 10 years. Remember Patrick Doody? His partner is ex Latham & Watkins. Latham and Watkins was underwriting counsel for Simpson Thacher on many big IPO’s including Alibaba. https://t.co/5UYrkTydRh

@cowboycrypto313 - Cowboy.Crypto ☀️

@JohnEDeaton1 @BoringSleuth @NerdNationUnbox @sentosumosaba @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 She started her career at the SEC in 1998, went to Latham & Watkins in 2010 for 10 yrs 5 mos, then went back to the SEC before starting at Persefoni. https://t.co/FbeACnYPqD

Saved - November 5, 2023 at 4:18 PM
reSee.it AI Summary
JohnEDeaton1 expresses frustration with unelected individuals in regulatory positions, accusing them of conspiring and enriching themselves. He mentions the SEC's former senior counsel for climate and ESG, Kristina Wyatt, and a climate software developer called Persefoni. NerdNationUnbox responds by pointing out connections between Persefoni and Alumni Ventures, Mysten Labs, FTX, and other investors. They also mention Allison Heren Lee, a former SEC commissioner, being on Persefoni's board.

@JohnEDeaton1 - John E Deaton

@BoringSleuth @NerdNationUnbox @sentosumosaba @cowboycrypto313 @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 Please assemble what you can on Kristina Wyatt — the SEC's former senior counsel for climate and ESG to the director of the Division of Corporation Finance and Tempe, Arizona-based climate software developer Persefoni. I’m so fucking sick of these unelected unethical people using their temporary position of regulatory power to conspire with a few and grossly enriching themselves. And this isn’t the typical revolving 🚪 at the SEC anymore. It has gotten so bad they don’t even try to hide it anymore. Looks like I might be filing not just one class action lawsuit related to regulatory capture for the purposes of providing a monopolistic advantage.

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

@JohnEDeaton1 @BoringSleuth @sentosumosaba @cowboycrypto313 @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 Shell Zhang of Persefoni is ex Alumni Ventures who is also an investor in Persefoni. Alumni Ventures invested in Mysten Labs who got $300m led by #FTX. Claytons Apollo Global, #a16z, Lightspeed Ventures, Electric Capital and others https://t.co/C5QO40MwOt

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

@JohnEDeaton1 @BoringSleuth @sentosumosaba @cowboycrypto313 @DigPerspectives @MoonLamboio @Leerzeit @AshleyPROSPER1 Looks like Allison Heren Lee ex #SEC commissioner is also on the board of #Persefoni https://t.co/35T9KctMVH

Saved - November 4, 2023 at 7:22 PM
reSee.it AI Summary
A federal judge should embody integrity. It's disappointing that this judge won't admit writing the letter. If she now realizes it was a mistake, she should own up to it. Denying it under oath seems like perjury. We need people who can acknowledge their errors. As a Senator, I would vote against her, regardless of party affiliation.

@JohnEDeaton1 - John E Deaton

As a federal judge you’re supposed to be a shining example of judicial integrity. Why can’t this judge admit that she wrote the damn letter and own it. If she now thinks it was a mistake and she was wrong, just say it. But she knows damn well that she wrote a letter like this to the Governor 3 years ago. Testifying that she needs to look at the letter and doesn’t remember writing a letter of this nature is 💯 perjury in my view. We live during a time when no one seems to be able to own their shit and have the humility to simply say: “Yes. I wrote the letter. It was a mistake.” Being human means being wrong at times. If I were a Senator I would vote NO on this judge even if she was the choice of my political party.

Saved - November 4, 2023 at 3:43 PM
reSee.it AI Summary
UpholdInc's CEO, Simon McLoughlin, found comfort in the SEC's response to the delisting of XRP. The delisting occurred after a Writ of Mandamus was filed by XRPHolders against the SEC. The petitioners claimed that the delisting resulted in XRP losing value, but they acknowledged that the SEC did not order or request the delisting. This case shows that regular people can make a difference by fighting back.

@JohnEDeaton1 - John E Deaton

When @UpholdInc’s CEO Simon McLoughlin says the SEC was criticized for hurting investors because the exchanges delisted XRP and the SEC responded “we didn’t tell the exchanges to delist” and it gave Uphold great comfort, do you know what Simon is talking about specifically?

@JohnEDeaton1 - John E Deaton

Simon is referring to the Writ of Mandamus I filed on behalf of #XRPHolders when I sued the @SECGov. “Petitioners assert that after the Commission filed its complaint against Ripple, third-party digital asset trading platforms delisted XRP, resulting in XRP losing value. Petitioners do not allege that the Commission ordered, or even asked, these platforms to delist XRP; instead, Petitioners allege that the platforms determined to delist XRP. Therefore, any alleged injury "results from the independent action of some third party not before the court.” Done ever tell me regular people can’t make a difference when they choose to fight back!

Saved - November 1, 2023 at 2:09 AM
reSee.it AI Summary
The SEC's recent actions, particularly in the Ripple lawsuit, have raised concerns about their adherence to the law. A federal judge criticized the agency, stating that its enforcement lawyers and leadership lack fidelity to the law. Surprisingly, this significant statement received little attention from mainstream media. It is evident that the SEC's current practices harm investors more than they protect them. This once-respected organization has now become both ineffective and corrupt.

@JohnEDeaton1 - John E Deaton

“This is a clear statement from a federal agency that the SEC broke the law.” Ever since the @Ripple lawsuit, the @SECGov has consistently NOT followed the law. A federal judge literally stated that the SEC’s enforcement lawyers, and the leadership they report to, are not only hypocrites, but they also “lack a faithful allegiance to the law.” It was an incredible statement for a federal judge to make. I was shocked at the little attention MSM paid to such a shocking statement. Here’s what I can say with great conviction: Today, the SEC does more to hurt investors than it does to protect investors. It has become both an inept and corrupt organization. Full stop.

Saved - October 31, 2023 at 3:28 PM
reSee.it AI Summary
JohnEDeaton1 claims that Sam's dad demanded more money for his salary and questions who set up the shell companies. He suggests that if Sam's parents weren't well-connected, they would have been indicted due to luxury real estate in their names. xrpmemeguy responds with a link.

@JohnEDeaton1 - John E Deaton

Finally someone pierces through the 🛡️ to expose the truth. Sam’s dad demanded more money for his salary. Who set up all the shell companies? If his parents weren’t heavily connected to those in power, they’d been indicted by now. The fact that luxury real estate were in his parent’s names would be enough for an indictment if it were anyone else.

@xrpmemeguy - CryptoMemeGuy.FreeDAI

@JohnEDeaton1 https://t.co/iaHYwvx27j

Saved - October 30, 2023 at 4:28 PM

@JohnEDeaton1 - John E Deaton

This fraudster stole 75% of customer funds to do with as he saw fit. Let’s not forget his Daddy DEMANDED a raise, ultimately paid from customer money. Sam isn’t the only one who should be on trial.

Saved - October 26, 2023 at 3:27 PM
reSee.it AI Summary
The false narrative surrounding Crypto is alarming and damaging, especially with the U.S. Government aiding Israel against Hamas. This WSJ article allows 100 members of Congress to join @ewarren's anti-Crypto campaign. Perception becomes reality in D.C. We must demand truth and not let this go.

@JohnEDeaton1 - John E Deaton

Nic is 💯regarding how alarming and damaging this false narrative is to Crypto, especially considering the U.S. Government is preparing to send aid to Israel to help defeat Hamas. This single WSJ article, and how it lays the foundation for allowing 100 members of Congress to join @ewarren’s crusade against Crypto, is one of the industry’s biggest challenges. Simply put, perception becomes reality in D.C. Regarding this WSJ article, we must demand that truth sees the light of day. Nic said he wouldn’t let it go and I 👏 him. None of us should.

Saved - October 26, 2023 at 1:52 AM
reSee.it AI Summary
Ripple's legal battle with the SEC continues, with no settlement discussions yet. The penalty phase requires more evidence, and Ripple aims to reduce the $770M fine. If Coinbase wins its motion to dismiss, the SEC may change its approach. Ripple's defense highlights past interactions with regulatory agencies, labeling XRP as a virtual currency. The judge's decision may take months, and a potential appeal could prolong the case. Attorney Jeremy predicts a positive outcome for Ripple.

@JohnEDeaton1 - John E Deaton

As I said on @CryptoLawUS TV yesterday with @attorneyjeremy1 and Thien-Vu, I do not believe there has been a single serious conversation regarding settlement between @Ripple @bgarlinghouse @chrislarsensf and the @SECGov. The SEC is pissed and embarrassed and wants $770M worth of flesh. What people need to understand is that the penalty phase is like a second case requiring more depositions, interrogatories, requests for production of documents, emails, bank statements, contracts, ODL transactions, etc. Ripple wants to drastically reduce the $770M by trying to exclude ODL transactions, reduce salaries, expenses, costs, etc. The SEC sought $23M from @LBRYcom. It took EIGHT MONTHS of additional litigation before the judge ultimately issued a fine of $130K. @jeremykauffman was deposed again, for example. Multiple briefs were filed. I don’t expect a final judgment, issued by Judge Torres, until late summer, at the earliest. It literally could take a full year before an appeal is filed in this case. If Coinbase wins there MTD, I then believe the SEC will be forced to pivot its anti-crypto agenda and then work out a possible settlement with Ripple. If Coinbase loses its MTD, I predict no settlement. January 17, 2024 is the oral argument on the Coinbase motion. A ruling is likely 60-120 days later. Until then I think Ripple will spend tens of millions of dollars in legal fees fighting to greatly reduce the $770M.

@JohnEDeaton1 - John E Deaton

I believe Ripple will be successful in cutting the $770M figure down drastically. This isn’t a fraud case. The goal is to reach an appropriate fine against Ripple for engaging in transactions that qualified as the sale of unregistered securities, but sold in the context of a new asset that other federal agencies declared “virtual currencies.” In 2013 @chrislarsensf met with the SEC, Treasury, Federal Reserve, CFTC and others explaining how Ripple was using XRP to solve Banking issues. In 2014 @USGAO described XRP as a “virtual currency utilized in a decentralized payment system called Ripple.” In 2015 FinCEN & the DOJ settled with Ripple declaring XRP as “convertible virtual currency” and forced Ripple to comply with banking laws not securities laws. In 2019 FSOC ‘s annual report, signed by every important financial leader in the United States, including Clayton, as SEC Chair, as well as Jerome Powell and the Secretary of Treasury, it stated XRP, along with BTC, ETH and LTC were “virtual currencies” gaining in market capitalization. Of course, in 2018 we got the Hinman Speech and the internal emails predicted that the speech will cause “greater confusion” to market participants - you know, LIKE RIPPLE. Also in 2018, the day before Hinman’s speech, SEC enforcement lawyers wrote an XRP Howey Memo, analyzing whether XRP was a security. These enforcement lawyers did NOT recommend that Ripple stop selling XRP, nor did they recommend an enforcement action. Clearly, they couldn’t determine themselves that XRP was a security. In fact, SEC enforcement lawyers could own and trade XRP up until 2019. I don’t think Judge Torres will be out to hurt Ripple with these facts.

@JohnEDeaton1 - John E Deaton

If you want to hear @attorneyjeremy1’s BOLD prediction watch below (near the end if you want to skip ⏭️). Make no mistake, Jeremy was the FIRST person to make this prediction. If it comes true (and it very well could), he will deserve ALL the credit.

Saved - October 23, 2023 at 2:52 PM
reSee.it AI Summary
Former SEC Chairman Clayton's conflicts of interest in the XRP case are concerning. His law firm, Sullivan & Cromwell, had ties to Consensys and brokered the deal for Consensys to acquire JPMorgan's Quorum. Clayton also joined Apollo Group's board after dropping an issue favorable to them. Additionally, his involvement with One River after their $1B bet on BTC and ETH raises questions. China's influence on our financial markets and regulators' blind eye to it is alarming. The timing of the case and Clayton's meeting with incoming SEC Chairman Gensler raise suspicions.

@JohnEDeaton1 - John E Deaton

When the #XRP case was filed on Clayton’s last day in charge at the @SECGov, I immediately pointed out the massive conflicts of interest by him voting to bring an enforcement action against @Ripple @bgarlinghouse and @chrislarsensf.

@JohnEDeaton1 - John E Deaton

One of Clayton’s partners at Sullivan & Cromwell, Patrick Berarducci, was Deputy GC at @Consensys and Co-Chair of The Brooklyn Project, which claimed to be building an alliance with the SEC related to Crypto. Other lawyers from S&C also went to work at Consensys.

@JohnEDeaton1 - John E Deaton

But S&C not only represented @ethereumJoseph’s Consensys, but also brokered the deal when Consensys acquired @jpmorgan’s Quorum and the #JPMCoin. Clayton & Hinman, along with Hinman’s partner Leming Chen, brought the Alibaba IPO to market. Simpson Thacher’s Chen went to @Alipay. https://t.co/hyzBqyxca2

@JohnEDeaton1 - John E Deaton

Clearly you can see👇 #XRP & #JPMCoin were competitors. But #XRP & #ETH battled each other for the #2 spot behind #BTC for years. In January 2018, #XRP briefly overtook #ETH as the worlds 2nd largest Crypto. One could definitely argue @Alipay was a competitor to @Ripple as well. https://t.co/Gj4RiIdOqR

@JohnEDeaton1 - John E Deaton

At his confirmation, Clayton agreed he would be conflicted from voting AGAINST an enforcement action involving one of S&C’s clients. He agreed to recuse himself if that scenario presented itself. Instead, he voted FOR an action AGAINST his law firm’s client’s biggest competitor.

@JohnEDeaton1 - John E Deaton

I’m sure there are lawyers out there who will argue otherwise, but IMO, voting FOR an action against your client’s biggest competitor is ethically the functional equivalent of voting NO regarding an enforcement action against your client. The honorable thing to do was to recuse.

@JohnEDeaton1 - John E Deaton

In addition to the above, consider that Clayton dropped an issue which was great news for Apollo Group AFTER Kushner received a HUGE loan from Apollo Group. Consider also Clayton joined Apollo’s Board immediately after leaving the SEC.

@JohnEDeaton1 - John E Deaton

Now also consider that Clayton joined One River after it made a $1B bet on #BTC & #ETH, the only two Crypto assets given regulatory clarity by Hinman’s speech. Consider how Clayton was the ONLY Commissioner to read or provide input regarding the subject matter of the speech. 🤔

@JohnEDeaton1 - John E Deaton

Obviously, I don’t need to repeat Hinman’s conflicts and his behavior which conclusively established violations of the criminal financial conflict laws during this 🧵 See 👇👇👇👇

@JohnEDeaton1 - John E Deaton

But I digress. Never underestimate the influence China has deliberately had on our financial markets. We have regulators like Clayton and @GaryGensler who continue to turn a blind eye to the CCP’s infiltration into our financial infrastructure. For ex, I was at CVS this morning. https://t.co/TZ74E38c5h

@JohnEDeaton1 - John E Deaton

As I write in my book: “the day before he filed the case, [Clayton met with Gary Gensler who would be replacing Clayton as SEC Chairman. It is impossible for a case of this magnitude not to have been discussed between Clayton and Gensler during that meeting. Why would you file a case of this magnitude on your last day and then leave it for the next administration to deal with? Or was this a coordinated effort? Was some deal struck between the outgoing and incoming Chairmen of the SEC? Would Gensler overlook Clayton's ties to China in exchange for filing this case so that Gensler could come after Crypto? Those were my initial thoughts, and those issues could make up an entire book onto themselves.” @bpcostello

Saved - October 23, 2023 at 3:55 AM
reSee.it AI Summary
In 2019, @bgarlinghouse called out @ethereumJoseph & @Consensys as hypocrites. Now, a federal judge has used the same word to describe the @SECGov. Interestingly, Lubin & @Consensys praised the SEC and emphasized their alliance.

@JohnEDeaton1 - John E Deaton

Isn’t it fascinating in 2019 @bgarlinghouse used the word “hypocrisy” when describing @ethereumJoseph & @Consensys, and 3 yrs later a federal judge used the exact same word to describe the @SECGov. What’s interesting is that Lubin & @Consensys praised the SEC and highlighted their alliance with them. 🤔

Saved - October 20, 2023 at 3:46 AM
reSee.it AI Summary
CNBC's Jay Clayton and Bill Hinman's lawsuit against Ripple executives Brad Garlinghouse and Chris Larsen has backfired. The case, filed for reasons unrelated to U.S. securities laws, was seen as a bullying tactic. As predicted, it had nothing to do with the law and everything to do with ill-conceived motives. Clayton now faces deserved embarrassment.

@JohnEDeaton1 - John E Deaton

@andrewrsorkin @BeckyQuick @JoeSquawk maybe you recall how I said this case would never happen because it was filed against @bgarlinghouse @chrislarsensf for reasons that have nothing to do with enforcing U.S. securities laws. Jay Clayton and Bill Hinman sued the executives as a bullying tactic meant to intimidate. I said it would backfire because it had nothing to do with the law and everything to do with ill conceived motives. CNBC Contributor Clayton has egg on his face, and man is it deserved.

Saved - October 20, 2023 at 1:46 AM
reSee.it AI Summary
@APompliano criticized those who sold unregistered securities, prompting @JohnEDeaton1 to suggest a political motive behind recent actions against XRP. Deaton questioned the timing of the move by Clayton, the outgoing SEC chairman.

@APompliano - Pomp 🌪

Good morning to everyone except the people who thought they could sell unregistered securities and get away with it

@JohnEDeaton1 - John E Deaton

@APompliano Pomp if you think that this move insnt politically motivated then you are not as smart as I believed. For 8 years they allow the sell of xrp. 200 exchanges. And days before leaving Clayton pull this move, before a new administration can decide? Please!

Saved - October 19, 2023 at 4:16 PM

@JohnEDeaton1 - John E Deaton

JUST IN: @CryptoLawUS 🇺🇸 Founder @JohnEDeaton1 plans to send a letter to the White House claiming @ewarren is a national security threat to the sovereignty of the United States and the financial freedom of its people.

Saved - October 17, 2023 at 2:43 PM

@JohnEDeaton1 - John E Deaton

The Pentagon can’t tell you where more than $688 Billion went. I guess we just let that go and focus on regular folks. We can send billions to foreign lands without an itemization of where each dollar goes but if a regular person sends $600 via CashApp, the IRS must know.

@Fxhedgers - FXHedge

AMERICANS FAILED TO PAY A RECORD $688 BILLION IN TAXES. THE IRS SAYS THAT WILL CHANGE (WSJ) The agency plans more audits targeting high-income taxpayers

Saved - October 14, 2023 at 8:28 PM
reSee.it AI Summary
In DC, the lack of transparency is evident. Gary Gensler targets Ripple, Coinbase, LBRYcom, Dragonchain, and even Kim Kardashian for minor issues. Meanwhile, he meets SBFraud, the Bernie Madoff of Crypto, multiple times. Why? SBFraud paid $10M to the Biden Administration for regulatory access. Corruption runs deep.

@JohnEDeaton1 - John E Deaton

These crooks in DC don’t even try and hide it anymore. Yet @GaryGensler will go after good corporate citizens like @Ripple @coinbase @LBRYcom @dragonchain and many more. He goes after @KimKardashian over a tweet that said #ad, just so he could make another cringe video - all the while meeting multiple times with the Bernie Madoff of Crypto - SBFraud. And why? Because SBFraud paid the Biden Administration $10Million for the access to regulators. #Corrupttothecore

@stclairashley - Ashley St. Clair

This should be illegal. https://t.co/rLg0RAZz4A

Saved - October 9, 2023 at 11:11 AM

@JohnEDeaton1 - John E Deaton

This is a great reminder to verify information you see/read on social media, especially on this platform. I admit in the past I’ve made the mistake of seeing/reading a post and assuming it was accurate.

@Shayan86 - Shayan Sardarizadeh

Thread: Online misinformation is rampant following the escalation of violence between Israel and Hamas today. This video of a tower block in Gaza being hit by a missile is from May 2021, not today. It was captured live during a BBC Arabic broadcast at the time.

Saved - October 3, 2023 at 6:23 PM
reSee.it AI Summary
Naomi Brockwell, a journalist and advocate for privacy rights, deserves credit for representing the interests of LBC holders. Shockingly, she was already on a list of influential figures in the Crypto Industry, as revealed by Steven Nerayoff in a federal pleading. This highlights the absurdity of targeting someone like Naomi, who is not a VC or token promoter. It's both terrifying and infuriating.

@JohnEDeaton1 - John E Deaton

When I posted that @naomibrockwell deserved huge credit for allowing me to represent her and the interests of #LBC holders, this is what I meant. No one wants to be on the government’s “target list.” Yet, according to @StevenNerayoff - in a federal pleading nonetheless- Naomi was already on a list of influential people within the Crypto Industry. Just think about how fucking insane this is: a JOURNALIST! Not not a VC or token promoter - a bloody journalist who teaches and promotes privacy rights. If that doesn’t terrify AND anger you, we can’t be friends.

@AshleyPROSPER1 - Ashley PROSPER

#XRP #XRPCommunity Isn't Naomi Brockwell the lady @JohnEDeaton1 represented in the LBRY V SEC case? Perhaps she should find out what they were up to when they tried to get Steven Nerayoff to help secure convictions in the crypto industry. https://t.co/2BwcRxP7Cy

Saved - October 3, 2023 at 1:22 PM
reSee.it AI Summary
The SEC's choice to target XRP raises questions. While ETH and XRP's decentralization is debatable, ETH's ICO history makes it an easier case. Video evidence suggests Ether's illegal securities offering. Concerns about jail time were voiced by insiders. Hinman's speech was his personal opinion, not the agency's. Rumors of ETH being a security contradict earlier statements. Conflicts of interest surround the Ripple case. Hinman's ties to EEA and a16z raise impropriety concerns. Clayton's resignation and Berger's move to Hinman's firm are suspicious. Grundfest's plea and SEC leadership exodus add to the doubts. The motives behind the Ripple case warrant scrutiny.

@JohnEDeaton1 - John E Deaton

WHY DID THE @SECGov CHOOSE #XRP?🧵 If the SEC wanted to pick a top 10 Token to go after why would it choose the much more difficult case? There’s a legitimate debate over whether today’s #ETH or #XRP (the networks - not token ownership) are more “sufficiently decentralized?”

@JohnEDeaton1 - John E Deaton

But when applying securities laws to fundraising, there’s no debate over which is the easier case to prove. Ether held a pure ICO. Both Clayton and Gensler are on record stating they’ve never seen an ICO that wasn’t a security. @Ripple sold stock to VCs then sold XRP, but no ICO.

@JohnEDeaton1 - John E Deaton

I said months ago that a monkey 🐒 could prove #Ether started out as an illegal securities offering. All you need to do is play video clips of the people responsible for the offering. @stevennerayoff has described himself as the architect behind the #ETH fundraising. Listen 👂👇

@JohnEDeaton1 - John E Deaton

Nerayoff’s goal was simple: “to raise money and not go to jail.” He admits in the video 👆 that it was an illegal securities offering. Go to https://www.crypto-law.us/video-library/ and you can review @CryptoLawUS’s video library establishing a timeline of video clips with irrefutable proof.

Video Library - CryptoLaw Video Library: Did the SEC give fair notice to XRP holders? You be the judge. The Securities and Exchange Commission has repeatedly insisted it has provided clarity to investors on precisely how it determines whether a digital asset is a security, therefore subject to its regulation, or not. Howe crypto-law.us

@JohnEDeaton1 - John E Deaton

Nerayoff wasn’t the only one worried about going to jail, however. @ethereumJoseph, himself, once said: “We thought it was possible we would land at JFK on a certain day and the FBI would tackle us on the tarmac.” 👇

@JohnEDeaton1 - John E Deaton

@digitalassetbuy provided clips of @VitalikButerin discussing their intent on avoiding securities laws. #Ethereum co-founder Chetrit left the Ether project because he was also worried: “about the very real possibility they would all end up in jail for securities violations.”👇

@JohnEDeaton1 - John E Deaton

The SEC has officially made clear that the free pass came from Hinman personally - and NOT THE SEC. In fact, Judge Netburn has declared that this issue is “settled.” Hinman’s speech was ONLY his personal opinion and not a declaration of the agency itself.

@JohnEDeaton1 - John E Deaton

What does this mean for #Ether, if anything? @HaileyLennonBTC is an experienced securities lawyer involved in the cryptocurrency space. She recently tweeted out referencing some rumblings about the SEC thinking #Ether “is a security after all.”

@JohnEDeaton1 - John E Deaton

If the SEC believes #ETH is a security it contradicts what @CGasparino was told. If true, these rumblings magnify the conflicts of interests and appearances of impropriety related to the decision to file the case against Ripple and #XRP. After 7 1/2 yrs of trading, why #XRP?

@JohnEDeaton1 - John E Deaton

Hinman collecting $15 million (while at the SEC) - from his law firm - a member of the Enterprise Ethereum Alliance (EEA) - can’t easily be brushed off as only retirement benefits. Especially considering he un-retired and immediately returned to SImpson Thacher after leaving SEC.

@JohnEDeaton1 - John E Deaton

The fact that Hinman is now a partner at @a16z - with the same people who helped write ✍️ the speech giving #ETH a free pass (also members of the EEA) - can’t easily be brushed off as just typical revolving door actions. This is a massive and gross appearance of impropriety.

@JohnEDeaton1 - John E Deaton

The fact that four months before filing the lawsuit against Ripple and #XRP, Joe Lubin and Consensys announce the purchase of Quorum and the #JPMCoin can’t be easily dismissed as coincidence (especially after Lubin claimed Ripple and #XRP were not competitors).

@JohnEDeaton1 - John E Deaton

The fact that Clayton’s law firm, Sullivan & Cromwell, represented @ConsenSys and Lubin and brokered the deal wherein Consensys bought Quroum and the #JPMCoin - a direct competitor against Ripple and #XRP - can’t easily be dismissed as mere coincidence.

@JohnEDeaton1 - John E Deaton

The fact that two months before the lawsuit against Ripple and #XRP, One River announced a $1 Billion bet on #Bitcoin and #ETH and shortly thereafter, Clayton resigned (before his term expired) and within weeks was hired by One River - can’t easily be dismissed as “conspiracy.”

@JohnEDeaton1 - John E Deaton

The fact that the Director of Enforcement, Marc Berger - who was also behind filing this case - left the SEC three weeks after filing the case to become a partner at Hinman’s firm Simpson Thacher - a member of the EEA - can’t be easily dismissed.

@JohnEDeaton1 - John E Deaton

The fact that Grundfest pleaded w/ Clayton not to file the case b/c it would damage both innocent holders and the credibility of the SEC as well as call into question the motive behind filing the lawsuit can’t be dismissed b/c Grundfest is an advisor to Ripple regarding the case.

@JohnEDeaton1 - John E Deaton

Grundfest can’t be dismissed b/c one, he’s an unpaid advisor. Two, he acted as a liaison between the SEC and Ether founders working to help Ethereum (see👇). Read his letter questioning the motive and the “mass exodus” of SEC leadership after filing this case. Now ask why? 👇

Saved - October 3, 2023 at 12:58 PM
reSee.it AI Summary
John Deaton praised Naomi Brockwell for allowing him to represent her and the interests of LBC holders. He expressed concern that a journalist like Naomi was on a list of influential people in the crypto industry, which he found insane. Steven Nerayoff agreed and commended Naomi's privacy teachings. Naomi questioned if she was really on the target list, to which Steven confirmed but mentioned there were many names. He shared his refusal to cooperate with authorities and how they eventually dismissed the case against him.

@JohnEDeaton1 - John E Deaton

When I posted that @naomibrockwell deserved huge credit for allowing me to represent her and the interests of #LBC holders, this is what I meant. No one wants to be on the government’s “target list.” Yet, according to @StevenNerayoff - in a federal pleading nonetheless- Naomi was already on a list of influential people within the Crypto Industry. Just think about how fucking insane this is: a JOURNALIST! Not not a VC or token promoter - a bloody journalist who teaches and promotes privacy rights. If that doesn’t terrify AND anger you, we can’t be friends.

@StevenNerayoff - Steven Nerayoff

Perfectly stated 👏. I consider @naomibrockwell a friend. History will show how prescient her privacy teachings were. LBRY is the most outrageous action brought by @SECGov & she took a stand for all of us by having @JohnEDeaton1 intervene. Crypto & the world is a better place because she’s here. 🙏

@naomibrockwell - Naomi Brockwell

@StevenNerayoff @JohnEDeaton1 @SECGov Wait @StevenNerayoff, I was really on a list of people to target according to your recollection? 👀

@StevenNerayoff - Steven Nerayoff

Yes, but there were hundreds of names & I only recalled these as I knew most of them, like you. They told my attorneys for months they wanted “anything on anyone” important in crypto or I’m going to prison for a long time. I instructed my attorneys to “literally” tell them to “go f&ck themselves.” They eventually gave up asking for info & I never cooperated. Yet they prosecuted me for nearly 3 more years knowing I was innocent as they were the ones who fabricated the whole thing & I proved forcing them to finally dismiss the case.

Saved - October 2, 2023 at 5:46 PM
reSee.it AI Summary
BKBrianKelly showcased how to acquire XRP on CNBC, emphasizing it's not a security. CNBC even published articles guiding readers on buying XRP. However, they failed to report on the SEC's lawsuit against Ripple, which affected retail investors. It's puzzling why CNBC ignored the very investors they promoted XRP to. Perhaps Jay Clayton's involvement, as a CNBC Contributor and former SEC Chairman, influenced their biased reporting. Thousands of investors seek unbiased reporting based on facts, not opinions. MSM's low approval ratings parallel those of Congress.

@JohnEDeaton1 - John E Deaton

Not only did @BKBrianKelly discuss #XRP, he showed the world how to acquire #XRP on @CNBCFastMoney with @MelissaLeeCNBC. BK even said “#XRP is NOT a security” in 2018. He was clearly right in saying that btw. Not only did @CNBC show people how to acquire #XRP on live TV, it had articles on its website walking the reader through the process of buying #XRP. My honest and reasonable question is after showing retail investors how to buy #XRP, and assuring them it wasn’t a security (which was true), why has CNBC not reported on how the SEC, not only sued @Ripple, but attacked retail investors, claiming the asset that they owned in digital wallets and in retirement accounts were illegal securities? 75K retail holders joined to sue the SEC, yet @andrewrsorkin @BeckyQuick @JoeSquawk @davidfaber @carlquintanilla @BobPisani, Melissa Lee, and others, have ignored the plight of the very investors that CNBC promoted #XRP to in the first place. I honestly don’t understand. Is it really because Jay Clayton is a CNBC Contributor and was the one who authorized the filing of the lawsuit as he was leaving the SEC? I’m sure Jay is a big enough boy that he could handle objective reporting on something that’s never happened in the history of the @SECGov (tens of thousands of investors asking a judge to order the SEC to officially name them as defendants in the case). Certainly, someone who’s served as Chairman of the SEC, over the largest and greatest capital market in the world, could be subject to unbiased reporting over FACTS, not opinions. And people in MSM wonder why they have the same approval ratings as members of Congress.

@Bitforcoinz - Lord XRP

THE BIGGER THE BASE, THE HIGHER THE SPACE‼️‼️‼️🎆🎆#XRP

Video Transcript AI Summary
The crypto market has been stagnant lately, but according to Luis Yamada, a bigger base leads to higher growth. To boost Ripple's value, people need to start using XRP as a substitute for foreign currency. This utility and use case for Ripple could create a strong foundation for its growth.
Full Transcript
Speaker 0: Obviously, down from the peaks up here. Right? The whole crypto market has kinda gone sideways here. But what does Luis Yamada say? The bigger the base, the higher in space. In my view, you have to have people start using that XRP, that ripple currency in substitute for foreign currency, but that's the utility. That's the Tilly. That's the use case for Ripple, the currency. If that's the case, then that's a pretty nice base right there.
Saved - October 1, 2023 at 4:31 PM
reSee.it AI Summary
Joe Grundfest, a respected former SEC Commissioner, worked closely with Vitalik Buterin and Ethereum's founders. He believed in the SEC but spoke out against suing Ripple over XRP's security status, fearing innocent people would be harmed. Grundfest also questioned treating Ethereum and XRP differently, suspecting foul play. He called it out before others, making him the original whistleblower.

@JohnEDeaton1 - John E Deaton

This is Joe Grundfest I’m quoting, arguably the most respected former SEC Commissioner alive today. Jay Clayton had fire side chats with Grundfest at Stanford. Grundfest worked as a liaison with @StevenNerayoff between the @SECGov and @VitalikButerin and @ethereumJoseph, helping the #ETH founders. Joe Grundfest believes in the SEC as an institution. Even though he worked on behalf of the #ETH founders, when he found out Clayton/Hinman were going to sue @Ripple and claim #XRP was a security, he spoke out, writing a letter pleading with them not to hurt innocent people with no connection to Ripple. He also argued that #ETH & #XRP should not be treated differently. He questioned their motive for bringing the case. That’s right, the most respected Commissioner alive, clearly suspected foul play. What this means is that Grundfest called it all out before I did, thus making Grundfest, not me, the original conspiracy theorist.

@digitalassetbuy - Digital Asset Investor.XRP

Hey @StevenNerayoff just tell me if I'm HOT or COLD. I'm thinking HOT HOT HOT @JohnEDeaton1 @bgarlinghouse is holding a Royal Flush and it's not even close. I'd be getting an XRP tattoo too.

Video Transcript AI Summary
The speaker highlights the departure of key personnel involved in a significant enforcement action. They express surprise at the mass exodus, emphasizing that it is unusual for everyone involved in such a case to leave. The speaker mentions the new positions these individuals are taking, including roles at law firms and crypto funds. They stress that this exodus of senior staff responsible for a major enforcement decision is unprecedented and raises concerns about conflicts of interest, impropriety, and self-dealing.
Full Transcript
Speaker 0: The next paragraph, I'm not gonna read it in its entirety. But what it basically says is, look. You're about to file the most significant enforcement action in decades, and everybody of significance is leaving. Alright? Director of corporation and finance, Bill Hinman, leaving. Director of enforcement, leaving. Director of trading and markets, Leaving? Jay Clayton, leaving? He's basically saying nobody drops a lawsuit of this magnitude and walks Out the door, somebody sticks around and sees it through, but not in this case. Not in this case. In this case, everyone, As Joseph Brunset says in this paragraph, everyone that had a role in deciding to bring this action is walking out the door. Mark Burger at Simpson Thatcher. Bill Hinman, back to Simpson Thatcher, unretired. Jay Clayton to One River, Bill Hinman to the largest crypto fund ever for Ether and Bitcoin. As you can see, he says, in the last sentence of that paragraph, a mass exodus of every senior staffer responsible for a major enforcement decision with broad policy implications is, to my knowledge, unprecedented in agency history. What's the next line? It raises obvious concerns. This is Joseph Grunfest saying what we've all been saying. There's no rational reason for you to do this. So it raises obvious concerns. What are those obvious concerns? Conflicts of interest, appearances of impropriety, self dealing. That's what those concerns
Saved - September 27, 2023 at 8:19 PM

@JohnEDeaton1 - John E Deaton

I wish the FSC would subpoena this bad faith regulator who laughs at the notion of Congressional oversight.

@EleanorTerrett - Eleanor Terrett

"I wish the Biden administration would say you're fired." - @WarrenDavidson to Gensler

Saved - September 27, 2023 at 2:58 AM
reSee.it AI Summary
Most corrupt Congress members avoid investigating Hinman, despite clear evidence of his violation of 18 USC 208. Their reluctance stems from fear of losing donations, as shown by their refusal to inquire about the IG referral from @EMPOWR_us.

@JohnEDeaton1 - John E Deaton

Most of them sitting in Congress are corrupt. The fact that there hasn’t been an investigation into Hinman by now proves the point. His own government emails PROVE CONCLUSIVELY that he violated 18 USC 208 yet not one congressman is willing to send a letter inquiring about the IG referral from @EMPOWR_us only because they don’t want to lose any donations.

@realouMAGAgirl - Jenny 1776🇺🇸

Well lookee here 😁😁😁 Politico busted Shifty 🤣🤣🤣 ‘An investigation by @Politico has busted @RepAdamSchiff steering millions in tax dollars to for-profit defense contractors who he took donations from.’ #LockHimUpNow https://slaynews.com/news/adam-schiff-caught-funneling-millions-tax-dollars-defense-contractors-took-donations/

Adam Schiff Caught Funneling Millions in Tax Dollars to Defense Contractors He Took Donations From - Slay News Democrat Rep. Adam Schiff (D-CA) has been caught funneling millions of dollars in taxpayer money to contractors who have made political donations to his election campaigns. slaynews.com
Saved - September 26, 2023 at 9:01 PM

@JohnEDeaton1 - John E Deaton

AFTER MORE THAN 5 YEARS OF INVESTIGATION AND LITIGATION AND AFTER MILLIONS OF DOLLARS SPENT, INCLUDING TAXPAYER THE SEC GOT $111,000 FROM @LBRYcom. Feel protected?

@CryptoLawUS - CryptoLaw

🚨LIVECAST TODAY on #CryptoLawTV: Today @JohnEDeaton1 will dig into @LBRY's appeal, the unfolding facts on the 2014 #ETH ICO, and more! Live at 3PM ET/7PM UTC on all CryptoLawTV platforms

Saved - September 26, 2023 at 8:08 PM

@JohnEDeaton1 - John E Deaton

“Let’s hope nobody ever reads it.”

@digitalassetbuy - Digital Asset Investor.XRP

Piece of Paper in Joe Lubin's Pocket @JohnEDeaton1 @StevenNerayoff After reading John's book I'd hate to be the bad guy. He's looked into hell. I don't think he scares easy.

Video Transcript AI Summary
Steve Niroff recently tweeted about a significant piece of paper mentioned by Joe Lubin before the ETH ICO. The tweet reveals that Steve Bayoroff received that piece of paper from Lubin. This news is important and brings us closer to the truth. While some may have hyped it up, it is a step towards transparency, which people have been fighting for.
Full Transcript
Speaker 0: There is an email that just went out, not an email, but a tweet that just went out by Steve Niroff. Okay? Now I want you to to read what it says. Alright? Remember that piece of paper that Joe Lubin talked about? And he said, Before the ETH ICO, I had a piece of paper in my bucket. Right? Well, there it is. Look at the date, people. Guess who got that piece of paper in Joe Lubin's pocket? That's right. Steve Bayoroff. All right. So that's extremely significant. And I want you to just think about that for a minute. That's extremely significant. And and and so that's why, I was excited about it. And, you know, I I apologize if Other people kept hyping it up to the point where short of me announcing that the case was settled or that that XRP was going to $2 or something that it gonna disappoint people, but we are getting closer to the truth. And I think it is significant. And I think it is big news because at the end of the day, How long has people been fighting for this? Right. We just want transparency and we're getting closer.
Saved - September 24, 2023 at 5:10 PM
reSee.it AI Summary
JohnEDeaton1 raises concerns about achieving "monopolistic goals" and suggests that it requires assistance from regulatory agencies like the SEC. NerdNationUnbox responds with a link.

@JohnEDeaton1 - John E Deaton

“monopolistic goals” 🤔 How does one achieve such goals? It requires help from inside regulatory agencies, such as @SECGov. It’s called “regulatory capture.” Only if I could figure out whether there were folks high up in the chain of command at the SEC that could help facilitate such goals.

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

@JohnEDeaton1 @SECGov https://t.co/BXjPstKAvL

Saved - September 24, 2023 at 3:26 PM
reSee.it AI Summary
Regulatory capture occurs when a regulatory agency prioritizes the interests of a specific group over the public's needs. In the case of the SEC, Clayton favored ETH despite his law firm representing its cofounder. Grundfest, part of the working group, urged Clayton not to sue Ripple, highlighting the unfair treatment. Hinman, who later joined A16Z, violated regulations by meeting his EEA partners. The situation raises questions about conflicts of interest and the need for investigation.

@JohnEDeaton1 - John E Deaton

WHAT IS REGULATORY CAPTURE: regulatory capture, a form of government failure in which a regulatory agency, which is supposed to represent the needs of the greater public, advances the commercial concerns of a special interest group w/in the sector the agency is supposed to be regulating.” Clayton told @a16z to put together a small group and then tell Hinman what they wanted. March 26, 2018, a16z’s lawyer, Lowell Ness, sent Hinman the and Safe Harbor. Two days later they met with Hinman. ETH was the only token referenced in the Safe Harbor. Hinman’s law firm was a member of the EEA and Hinman was not retired, but instead, was a profit sharing partner with his law firm, when he declared ETH a non-security 10 weeks later. Clayton’s law firm represented ETH’s co-founder @ethereumJoseph & @Consensys, the single largest holder and promoter of ETH and Clayton’s firm also brokered the merger between Quorum and Consensys using the JPMCoin, a direct competitor to @Ripple and XRP. Joe Grundfest was part of this working group as you can hear below. Btw, Grundfest had spoken to @StevenNerayoff back in 2014/2015 when Nerayoff was working with Joe Lubin & @VitalikButerin (despite what they have said publicly). In sum, Grundfest helped the ETH founders and the small working group. Clayton, despite his law firm representing Consensys and ETH’s co-founder, arguably Ripple’s biggest competitor, voted to bring a lawsuit against Ripple - as he was walking out the of the @SECGov. He then immediately went to One River which made a $1 Billion bet on Bitcoin & ETH (beneficiaries of the Hinman Speech), 2 Months before the Ripple lawsuit was filed. Yet, the guy that was part of the small group and helped ETH - Joe Grundfest - PLEADED WITH CLAYTON - not to bring the suit. He said XRP should not be treated any differently than ETH. Grundfest pointed out that the mass exodus of Clayton, Hinman, Berger etc was suspicious. He said there was no reason to bring the suit considering XRP had traded publicly for SEVEN YEARS and that innocent people with no connection to Ripple would suffer the most. It all fell on deaf ears. Hinman retuned to his EEA law firm $15 Million richer after less than 3 years at the SEC and then later BECAME PARTNERS at A16Z WITH THE SAME PEOPLE WHO HELPED PUT THAT TOGETHER ASKING FOR THE SAFE HARBOR FOR ETH. Btw, Hinman was sternly directed - in writing - to STOP meeting his EEA partners at Simpson Thacher because every single time he had contact with them he violated 18 USC 208. His own SEC emails PROVE Hinman IGNORED that instructionand violated 18 USC 208 THREE MORE times by meeting them, including meeting his partner from the Chinese Office regarding the Canaan IPO. What do they make you ask? BTC & ETH mining equipment!! Yep, nothing for the IG to investigate here. Oh, to have subpoena power!

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

@JohnEDeaton1 @DigPerspectives @digitalassetbuy @MarketsMickle @MoonLamboio @XRPNews_ @sentosumosaba @jungleincxrp @WorkingMoneyCH Nancy Wojtas gives more details on that secret meeting with the SEC

Video Transcript AI Summary
In December, the chairman stated that all token offerings are securities offerings, causing us to stop working with clients involved in such offerings. However, Andreessen Horowitz reached out to the chairman and formed a small industry group to suggest ways to align securities laws with the token arena. The group, consisting of Andreessen Horowitz, Union Square Ventures, three law firms, two educators, and NVCA, created a Safe Harbor proposal that categorized different segments and determined how securities laws would apply. The proposal excluded fully decentralized networks like Bitcoin and Ether. In March, we submitted the proposal to the SEC and met with them, as well as congressional members and the Department of Treasury.
Full Transcript
Speaker 0: And finally in December, the chairman came out and said, look, I have not seen a token offering that was not a securities offering. And at that point in time, we stopped all of our clients from doing well, we either told them to or we disengaged with them because we weren't gonna be a party to a securities offering without proper registration. And, you know, it kinda put everything on hold in that arena. The chairman came out to the Rock Center at Stanford, gave a Speech said, look, market professionals were watching you. And, Andreessen Horowitz, I give them But they reached out to the chairman. They had a private meeting with him and the chairman told them, look, form a small industry group. Make suggestions to us how we can rationalize the securities laws with, you know, what's happening in the token arena. So there's a small group, Andreessen Horowitz, Union Square Ventures. There were 3 law firms, Cooley, Perkins Cooley, McDermott, Will and Emery, 2, educators, Joe Brenfos who's a former commissioner who's now at Stanford. We had somebody from Berkeley and then we had NVCA. So we put together a Safe harbor proposal where we again tranche each kind of segment and figured out how the securities laws would apply to each of those segments. The last one being fully decentralized network, you know, doesn't make sense that the securities laws would have any, you know, application to that type of, network like Bitcoin or Ether. And at the time in December the chairman was saying Bitcoin was a security. So, we had a lot to teach, The SCC. So we submitted that safe harbor to them in March. We met with them. We met with congressional members. We've met with Department of Treasury, the
Saved - September 23, 2023 at 12:41 PM
reSee.it AI Summary
Steven Nerayoff expresses gratitude to John Deaton and looks forward to the truth being revealed. John Deaton emphasizes the importance of truth and invites Vitalik Buterin, Joe Lubin, and Steven Nerayoff to a live discussion. Another user, Gundry MD, shares information about a video on avoiding certain foods.

@StevenNerayoff - Steven Nerayoff

Thank you @JohnEDeaton1. I look forward to the real truth coming out. @ethereumJoseph @VitalikButerin @digitalassetbuy @Leerzeit @EleanorTerrett @BoringSleuth @sentosumosaba @MoonLamboio

@JohnEDeaton1 - John E Deaton

As I said on my livestream, there is no free pass for the truth. It must have its day. I’ve had people on @CryptoLawUS who’ve been critical or disagreed with me. I’m always civil and respectful. I’m inviting Vitalik, Joe and Steve to come on live - where nothing can be cut or manipulated and we will get to the truth.

@gundrymd_ - GundryMD

Now, after years of research, Dr. Gundry has decided to release an informative video to the public — free and uninterrupted — showcasing exactly which foods you need to avoid.

@gundrymd_ - GundryMD

Now, after years of research, Dr. Gundry has decided to release an informative video to the public — free and uninterrupted — showcasing exactly which foods you need to avoid.

Saved - September 23, 2023 at 7:59 AM

@JohnEDeaton1 - John E Deaton

John Deaton Live

Saved - September 20, 2023 at 3:59 PM

@JohnEDeaton1 - John E Deaton

For Blockchain/Crypto, unelected bureaucrats sold out because the elected politicians don’t give a shit about the average working person living in the United States. Will AI be the same?

@bpcostello - Brian Costello

Sequoia + Goldman Sachs about to profit from CCP AI weapons as 4paradigm readies HK IPO. 🇭🇰@klonkitchen alleged 4Paradigm's AI tech would be used to kill American soldiers in a China-US conflict. Sequoia's Neil Shen stepped down from 4paradigm board for IPO. China blood money…

@caixin - Caixin Global

Beijing-based AI startup and service provider Fourth Paradigm kicked off a long-awaited initial public offering in Hong Kong, aiming to raise $113 million https://www.caixinglobal.com/2023-09-19/ai-startup-4paradigm-aims-to-raise-113-million-in-hong-kong-ipo-102104960.html?rkey=4jojc%2BU9DvvtuaHc2n7nI%2FFL%2FE7ci4pK7oUMdRK2LtMzmJfZnmXKvg%3D%3D&cxg=web&Sfrom=twitter

AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO - Caixin Global AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO - Long-awaited share sale values the Beijing-based company at $3.3 billion to $3.6 billion with stock to begin trading Sept. 28 caixinglobal.com
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