Excellent twitter thread from lawyer John E. Deaton - re Ripple's Due Process Claim (equitable estoppel)

[JASCoder]

Worth the read, pretty solid argument as far as I can see... 

Threadreader version, or original tweet is below...

Quote

RIPPLE’S DUE PROCESS CLAIM:
In @Ripple’s Answer it asserted a defense that the SEC should be barred from claiming #XRP is a security today because it violates Due Process and principles of Fair Notice. Previously, I discussed a similar concept called the doctrine of equitable estoppel. I explained the law protects a party from being harmed by another party's voluntary conduct. That conduct may be ACTIONS, INACTION, SILENCE, or ACQUIESCENCE. Although the SEC never declared XRP a non-security, for EIGHT YEARS it openly ...

https://threadreaderapp.com/thread/1358119802993319936.html

https://twitter.com/JohnEDeaton1/status/1358119802993319936?s=20

 

[3GO3D]

20 minutes ago, JASCoder said:

Worth the read, pretty solid argument as far as I can see... 

Threadreader version, or original tweet is below...

https://threadreaderapp.com/thread/1358119802993319936.html

https://twitter.com/JohnEDeaton1/status/1358119802993319936?s=20

 

Thanks.  Having read the 70 odd page of charges being levelled at Ripple & the humble Zerp by the SEC, it is going to take the intelligence and Legal knowledge of one such as Mr Deaton to seriously embarrass and quash them into submission.   Imho it's the SEC that should be facing charges of deliberately, and on more than one occasion, harming the Business interests of Ripple, Chris Larsen, Brad Garlinghouse & a Legion of XRP Hodlers by releasing FUD that essentially send the Tokens price plummeting.

The present Market action which see's the Zerp's value increasing in the face of the SEC's adversity is testament to the ineffectual , contrived action they are pursuing.  Hopefully the SEC will stand down on the 22-2-2021 and XRP can continue it's adoption without this sort of crap hindering progress & the Currency of the 21st Century.