XRP RIPPLE : OMG! JUDGE IS NOW SHUTTING DOWN SEC! TRIAL? RIPPLE WIN? RIPPLE XRP NEWS TODAY
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FROM POPULAR ATTORNEY JEREMY HOGAN,
So, once again judge rejects SEC. Judge Says SEC Lawyers Prioritize Personal Agenda Over Law.
JUST IN: Judge approves Voyager to sell assets to Binance in $1.3B deal -- rejecting the objections of the SEC.
From attorney john deaton, a very long twitter thread. So buckle up folks.
Voyager is another example of a federal judge deciding the SEC's arguments are without merit. Recent examples: 1) The Ripple case: a federal judge, in a written ruling, literally stated SEC lawyers were being hypocrites and that they lacked faithful allegiance to the law.
In Ripple, the judge said SEC lawyers are more interested in advancing their own agenda than adhering to the law. Think about how significant that is. How do SEC lawyers enforce the law if they don't themselves honor the law. As a former federal prosecutor, I'd be ashamed.
LBRY com case: soon I will be able to publish on Crypto Law US the transcripts of the last two hearings in the LBRY case. When you read them, you will see how the Judge pleaded with the SEC to provide clarity for the users of the platform and the secondary market.
The SEC basically told the judge it doesn't do that - it doesn't provide clarity. That's why I and ICAN filed amicus briefs to, at a minimum, make sure the judge's order doesn't apply to secondary market transactions. You will see just how frustrated the Judge got with the SEC.
Voyager Bankruptcy: The SEC objected to binance 's purchase for the SOLE purpose of pushing its anti-crypto agenda. Read what the judge said to the SEC:
judge slamming SEC again. "We can start the litigation today so that you "have" to prove your agencies' position. Are you seriously telling me that you haven't provided any clarity, and want me to deny this plan because it *might* be something you *think* is something?"
@Grayscale SEC hearing: Months ago - before the hearing - I predicted Grayscale would win b/c the denial of a spot BTC ETF while allowing futures and short BTC ETFs was arbitrary and capricious under the law. The judges were troubled by the SEC's arguments.
One judge said to the SEC attorney: "you say they must provide you with more data but you won't identify what type of additional data they need to provide" or words to that effect.
Another judge stated that the SEC objects but offers no argument whatsoever that Grayscale's position and analysis is wrong or flawed. The judge said based on the SEC's own argument, it should not have approved a futures ETF because the same analysis applies to a spot ETF.
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