RIPPLE LAWSUIT CONFERENCE CALL TODAY: SEC MAY WANT TO DEPOSE 2,000 XRP HOLDERS, SAYS JOHN DEATON
John Deaton, the lead lawyer addressing XRP Holders in the SEC v. Swell case, has shared his expectation on how the present phone call will go, to be specific the SEC pushing its postpone system to cause dread and split between his clients.
The telephone call is planned for now, at 3 p.m. New York time (EST). Individuals from the public will be allowed to go to by dialing: USA: (877) 226-8215; International: (409) 207-6982. The entrance code is 4713826 # (SN).
RIPPLE HOLDERS ATTORNEY SAYS HE’S PREPARED AGAINST SEC’S DELAY TACTICS
Lawyer John Deaton said the Securities and Exchange Commission “knows the one [thing] XRPHolders dread most is delay. The SEC will attempt to cause dread and split between XRPHolders by contending that in the event that the Judge permits amici to document a short, the SEC necessities additional opportunity to answer (despite the fact that they don’t).”
To be sure, time is on the offended party as both Ripple Labs and ‘amici’ XRP Holders have a lot to lose for each spending day, both business and resources.
The SEC’s back and forths with regards to this issue have made disturbance among those anticipating an end the Ripple claim for various reasons, like administrative clearness and the re-posting of XRP, one of the most exchanged computerized resources the world.
John Deaton accepts the offended party will just attempt to twofold down on the defer strategies and will show its hand on the present phone call. The XRP Holders lawyer says he is prepared for the confrontation.
“The SEC might claim I’m trying to violate the Court’s order by presenting evidence (even though all I did was provide the parties w/ affidavits – NOT THE COURT). The SEC may even argue that if Ripple attempts to use the affidavits they must be allowed to reopen discovery.
“They might argue they need to delay the case in order to [depose] the 2K #XRPHolders who signed affidavits. The SEC is desperate for the Judge to not learn the truth. Delay is the only tactic it has. It will be meant to divide XRPHolders. Don’t worry, I’ve anticipated it.”