John E Deaton - CryptoLaw - connecting the dots - Hinman is praying the SEC conceals everything Ripple wants in discovery.

[HAL1000]

 

[HAL1000]

https://www.claytonhinmanfacts.com/

[JASCoder]

I've always suspected Clayton went after the Ripple execs specifically out of vindictive malice.

We know RL was trying to get clarity.
We know RL was sitting on a PILE of XRP, and clarity would turn that into BILLIONS.

Would a corrupt, and twice-impeached administration try a "first we're gonna need a little favor first" kinna shake-down ?

And would refusing to play along by Ripple's execs cause a well-known vindictive administration to PUNISH them for refusing ?

Yeah, I know. I'm just suspecting a conspiratorialist. 
Totally impossible, right ? 

[HAL1000]

Is the SEC Hiding Evidence that Hinman Colluded to Boost Ether?

If it weren’t for the lawsuit the SEC filed against Ripple, we might not have ever glimpsed how crooked William Hinman turned out to be as Director of Corporation Finance. A federal judge has ordered the SEC several times to produce the documents and external communications around Hinman’s June 14, 2018 speech where he declared that ether is not a security.

The SEC is desperately fighting not to produce them, because everyone knows that if they fully comply with the order, their case will fall apart.

It’s a happy coincidence for Hinman that the seeds of the SEC’s defeat are in those documents and they are fighting tooth-and-nail to conceal them. It’s because if all the emails, meeting records and staff notes are made public, they will also revealwith whom Hinman consulted - and colluded - to draft, edit and finalize that 2018 speech, after which the price of Ether has increased by a face-melting 600% to date.

From all indications seen in the redacted Hinman deposition and the filings around the fight to conceal it, the evidence that the SEC is hiding will reveal the following:

• Proof that Hinman consulted with top leaders of the Ethereum Foundation and private market participants heavily invested in ether before the speech.

• All the entities and individuals, inside and outside the SEC, who knew about and/or participated in editing the speech, including market participants with substantial investments or financial interests in ether. Court filings indicate at least 63 SEC emails where versions of the speech were attached.

• More clues on how material non-public information about the contents of the speech apparently made its way to Coinbase, as they listed Ethereum Classic on their exchange three days before Hinman made the speech.

• A more complete list of Hinman’s clients at Simpson Thacher, including those who directly profited from the impact of Hinman’s speech.

All of this will help us connect the dots with what we’ve already documented.

Since 2017, Simpson Thacher has been a member of the Enterprise Ethereum Alliance, a community of businesses and organizations pushing for the widespread adoption of ether.Hinman joined the SEC in 2017.

Simpson Thacher paid Hinman millions of dollars all throughout his service at the SEC, and that Simpson Thacher’s China office is managed by a Chinese Communist Party member who steers enormous contracts to the firm from CCP-managed tech companies.

Hinman and Jay Clayton brought Alibaba public in 2014, making enormous sums of money in the process. It cemented their relationship, made them and their law partners incredibly rich. The CCP’s key asset embedded in Simpson Thacher’ssenior management, Celia Lam, has steered multi-billion dollar deals to the firm as it issued millions in annual payments to Hinman at the SEC, including the $14 billion equity financing of Alipay the same year as Hinman’s speech.

Nothing on Wall Street happens by chance, and no one gets their name on the biggest IPO in history without promising a few favors, especially when it is for a Chinese Communist Party-controlled tech giant.

Clayton and Hinman’s tenure at the SEC coincided with crypto’s emergence into mainstream finance. The two were smart enough to realize that they could take advantage of that to leverage public ignorance and the absence of regulatory frameworks to pick winners and losers.

And we already know, from all the evidence already public, that is exactly what they did

The evidence being concealed by the SEC cannot be legally destroyed, as they are federal government documents subject to records retention laws. We knew all along they existed. The Ripple lawsuit simply helped us know more about them.

We intend to use every means at our disposal to get them, and publish them here.

Stay tuned.

The film is going to be amazing, I can't wait.

[Julian_Williams]

2 hours ago, HAL1000 said:

 

• Proof that Hinman consulted with top leaders of the Ethereum Foundation and private market participants heavily invested in ether before the speech.

• All the entities and individuals, inside and outside the SEC, who knew about and/or participated in editing the speech, including market participants with substantial investments or financial interests in ether. Court filings indicate at least 63 SEC emails where versions of the speech were attached.

We have a lot of circumstantial evidence already to assert both of these are likely to be true. 

This being so you cannot slip a piece of paper between the actions of Hinman and Clayton, they are joined at the hip in this corruption (?)  Some of the staff on the team may have been misled into going along with the trumped up lawsuit against Ripple, but they are going to have to explain why they were so naïve as to follow such an (openly corrupt?) leadership.  (Has one of the team become a whistle-blower that encouraged Empower Oversight involvement and applications for FOIA?)

Hester Pierce and I guess Roisman (Spelling?) were the two commissioners who voted against the lawsuit.  They seem to have distanced themselves from the lawsuit and are even throwing spanners in Gensler's machinery (With impunity?!!!!!!!!  How come Gensler tolerates such insubordination -are they safe because know where the bodies are buried?)

The SEC lawsuit against Ripple is already lost on "Fair Notice" grounds (I think for SEC this is now beyond recovery), but somehow the two sides cannot cannot reach a settlement. 

Why is there no settlement: - explanations might include

• Gensler is being inflexible (to me it makes no sense for Gensler to ally himself with the corruption of the previous administration) 
• Ripple are asking too much or deliberately pushing the case deeper
• It is just a very long and complex negotiation?

I think Ripple are in control of events

Ripple do not want to destroy SEC.  They want clarity, so they will be looking for a way to get clarity and regulation, so they would prefer not to pull the Fair Notice trigger.  The delays give both sides more time as they grapple their way to defusing this bomb.

 

Edited August 27, 2021 by Julian_Williams

[Trickery]

2 hours ago, Julian_Williams said:

Why is there no settlement: - explanations might include

• Gensler is being inflexible (to me it makes no sense for Gensler to ally himself with the corruption of the previous administration) 
• Ripple are asking too much or deliberately pushing the case deeper
• It is just a very long and complex negotiation?

I think Ripple are in control of events

Ripple do not want to destroy SEC.  They want clarity, so they will be looking for a way to get clarity and regulation, so they would prefer not to pull the Fair Notice trigger.  The delays give both sides more time as they grapple their way to defusing this bomb.

Not only do Ripple want clarity but a settlement on fair notice would still leave XRP in limbo. XRP would then be deemed as having been a security and Ripple weren't aware of that, but now they are and can no longer sell any. So a settlement is IMHO the last thing Ripple want.

[RikkiTikki_is_Back]

19 minutes ago, Trickery said:

Not only do Ripple want clarity but a settlement on fair notice would still leave XRP in limbo. XRP would then be deemed as having been a security and Ripple weren't aware of that, but now they are and can no longer sell any. So a settlement is IMHO the last thing Ripple want.

Not necessarily, if that settlement includes Ripple not being a security well I don't think Ripple would turn that down. The SEC is looking for a way to get out of this that will maybe leave Ripple in the clear but they can surely go after other companies. Not settling would be two fold, not only does a trial win put  Ripple in the clear but you have set a precedent that clears a good portion of others in this space  "There is a lot of money to be made by the sheriff per say." As I have mentioned before settlement is now in the SEC's best interest and Ripple is probably just waiting for the right sized bone to be tossed. I would bet there are talks going back and forth on conditions of a settlement, normal procedures must go on in the meantime until there is an actual agreement between both parties.

Edited August 28, 2021 by RikkiTikki_is_Back

[Trickery]

3 minutes ago, RikkiTikki_is_Back said:

Not necessarily, if that settlement includes Ripple not being a security well I don't think Ripple would turn that down. The SEC is looking for a way to get out of this that will maybe leave Ripple in the clear but they can surely go after other companies. Not settling would be two fold, not only does a trial win put  Ripple in the clear but you have set a precedent that clears a good portion of others in this space  "There is a lot of money to be made by the sheriff per say." As I have mentioned before settlement is now in the SEC's best interest and Ripple is probably just waiting for the right sized bone to be tossed. I would bet there are talks go back and forth on conditions, normal procedures must go on in the meantime until there is an actual agreement between both.

Yeah I was actually talking about a settlement on fair notice.

[RikkiTikki_is_Back]

On a side note do you know how much FOMO would come into play if XRP is the only DA with official clarity here in the states, throw first mover advantage out the window!!!

[DannyRipple]

6 minutes ago, RikkiTikki_is_Back said:

On a side note do you know how much FOMO would come into play if XRP is the only DA with official clarity here in the states, throw first mover advantage out the window!!!

That’s exactly what we need/want 🍾🍺$🤑

[JASCoder]

22 hours ago, Trickery said:

Not only do Ripple want clarity but a settlement on fair notice would still leave XRP in limbo. XRP would then be deemed as having been a security and Ripple weren't aware of that, but now they are and can no longer sell any. So a settlement is IMHO the last thing Ripple want.

RL could still sell their tokens to non domestic customers, or put it on the DEX, no ?

[Trickery]

1 minute ago, JASCoder said:

RL could still sell their tokens to non domestic customers, or put it on the DEX, no ?

In theory yes but it's dangerous ground.