The SEC suddenly uncovered 1,000 pages of documents per response to a FOIA request related to SEC leaders’ communications with attorneys regarding the XRP/Ripple case. They made a mistake and corrected it.
The SEC – Ripple/XRP case is still in the news. A recent FOIA request response shows that the government suddenly uncovered emails related to the case that they previously claimed were not there.
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Please read the written appeal that @JsnFostr at @EMPOWR_us served on @SECGov. It’s the best FOIA lawyering I’ve ever seen.
This case has never been about w/r #XRP was or is a security.
Now, its about democracy, freedom, transparency, and a free market system. https://t.co/vCYeDegAve
— John E Deaton (@JohnEDeaton1) February 8, 2022
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More than a year ago, the former SEC Chairman left office and on his last day signed off on an SEC lawsuit against XRP/Ripple. Chairman Clayton directed Perkins Coie to draft a memo giving Ethereum and Bitcoin a unique advantage in crypto space – then his SEC sued their top competitor on the same day Chairman Clayton left the SEC.
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The actions by the SEC were and are atrocious. Picking a couple of entities in an industry, investing in them, and then helping them by suing their competitor is not what the SEC should be doing.
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