Ripple is ready to settle and pay fine if SEC declares XRP a currency, says company lawyer. Agency credibility, Gensler reputation at stake.
Ripple finally got the Hinman speech documents last month, CEO Brad Garlinghouse tweeted that the SEC “wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”
by the tens of thousands. Led by Rhode Island attorney John Deaton, they first attempted to intervene against the SEC by asking the judge to make them defendants along with Ripple. The SEC responded with a ferocious attempt to malign Deaton personally and portray his clients as unworthy cranks. Deaton’s putative class of XRP holders has swelled to more than 75,000, among whom more than 3,000 provided affidavits to Ripple’s defense team stating that they had never heard of the company they were allegedly investing in before the SEC filed the lawsuit.