John Deaton - Clayton and National Security

[HAL1000]

John Deaton just posted this massive thread - I have copied and pasted it here for easier reading:-

Senator Crapo stated that the different government agencies needed clear rules that do not stifle American innovation.

(2) Weeks prior to the SEC enforcement action against Ripple, several U.S. Congressmen wrote a letter to the SEC asking for regulatory clarity.

(3) The Washington Examiner publicized an INVESTIGATIVE piece on the issue of the United States losing the Blockchain technology war to China because of enormous uncertainty and because Clayton and the SEC refused to provide the necessary clarity.

This article was published stating that cryptocurrency is at the forefront of not just finance but even NATIONAL SECURITY (what Clayton is now claiming).

(4) The article stated the U.S. Intelligence Community was raising concerns about the CCP influence over digital currencies.

The article was concerned about the CCP’s influence - AT THE SEC - under Clayton.

(5) The Director of National Intelligence, John Ratcliffe, wrote a letter directed AT CLAYTON in EARLY NOV. 2020 stating “crypto & CBDCs are all being drawn into a multi-front global competition.”

He wrote that the competition was “against Beijing for leadership of the world’s economy.” Ratcliffe informed Clayton that industry leaders are worried that China was leaving the U.S. behind in the digital-currency race. Ratcliffe pointed to concerns of the Intelligence Community over China’s sway over digital currencies because more than half of the world’s mining was located in China. He warned Clayton that the Chinese Government had created its own state-controlled digital currency. Ratcliffe warned Clayton that China’s state controlled digital Yuan would make it tough for the U.S. based companies and innovators to compete. He offered to have intelligence officers brief Clayton on the issue.

(6) Although Clayton is now writing an op-ed in the WSJ on the issue, he didn’t even personally respond to the Ratcliffe letter regarding the same concern. Instead, a SEC Spokesperson responded and said the following:

“Chairman Clayton is committed to restoring innovation in the Digital Assets and digital payments space consistent with US investor protection and anti-money laundering laws.” How familiar does that sound? It’s as if GaryGensler responded to the letter himself - today. But why would Clayton and the SEC respond this way? Anti-money laundering? Really? This was an unusually generic response to claims that the SEC was HELPING China win the blockchain crypto revolution! Clayton’s loyalty and patriotism was being questioned, and he had no comment.

Also, sound familiar? His integrity and ethics have recently been questioned and he tells Becky Quick, Andrewr Sorkin, JoeSquawk, Eleanor Terrett and CGasparino, “No comment.” He claims he won’t comment on pending litigation. No case prevents anyone from defending his honor.

The Washington Examiner found this letter by the nation’s Top Spy Chief to signal a push to convince Clayton and the SEC to make it easier for U.S. owned crypto companies to compete against those based in and controlled by China. Ripple’s GC, S_alderoty, was interviewed and discussed China’s influence over digital currencies. He said “the data doesn’t lie; the vast majority of #BTC’s network and infrastructure - chips, mining pools and software, are all located in China or created by Chinese companies.” Alderoty continued: “This is not decentralization. The CCP wields absolute control in China.” Ripple’s GC’s remarks to The Examiner were extremely critical of Clayton.

Alderoty wrote in August 2020 that “the Chinese Gov’t subsidizes the vast amounts of energy needed to fuel #BTC and #ETH miners.” He stated that “65% of #Bitcoin mining is concentrated in China.” Ripple’s GC publicly questioned whether the SEC and Clayton were really willing to allow China to win this new technological and economic Cold War and allow China to dictate important parts of a new global economic system. The Examiner’s article concluded by taking a direct shot at Clayton. A Senior Intelligence officer told the Washington Examiner that: “competing with China is a serious enough challenge without U.S. Regulators GETTING IN THE WAY.” Clayton is now making the same argument.

(7) Senator Tom Cotton sent Clayton a letter in July 2020 AFTER he sent his first letter to Clayton in December 2018. In both letters, Senator Cotton addresses digital currencies to ensure U.S. companies (ie Ripple) have a chance to compete. Cotton’s second letter included Director Ratcliffe and White House NSA O’Brien and criticized how: “So far, the SEC has concluded that only Chinese controlled #BTC & #ETH can be considered non-securities.” Senator Cotton was making the same argument that Ripple and its executives were making for over two years prior to Cotton’s letter. That argument was that the SEC provided clarity for only #BTC & #ETH, but NOT #XRP. Ripple’s argument that the SEC was favoring China over the U.S. was made by Congress, the NSA, the Media and at least two U.S. Senators. And they all were directing their criticisms to one agency and its Chairman - Jay Clayton.

(8) HesterPeirce was also pleading w/ Clayton and her fellow Commissioners to help foster innovation by adopting a Safe Harbor for innovators. Crypto-Mom was calling for clarity and a Safe Harbor when Clayton had the three votes needed to enact it (him, Hester, and Elad Roisman).

(9) Former SEC Chief Joseph Grundfest also pleaded with Clayton to do the right thing. Many are aware that Grundfest warned Clayton not to file the case against Ripple and #XRP because of the foreseeable devastating consequences, but he warned Clayton about so much more. In addition to the billions in losses to innocent XRP holders, he wrote: “National security considerations are also at stake.” Clayton NOW argues national security concerns related to a regulatory approach. Maybe he re-read all those letters sent to him when he was Chairman.

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Also, this:-

 

Edited December 17, 2021 by HAL1000

[Julian_Williams]

John Deaton is really stepping the temperature up on Gary's corrupt SEC.  time to call in the law enforcers?  SEC reform by enforcement.

Edited December 17, 2021 by Julian_Williams

[HAL1000]

More JC BS

 

[Julian_Williams]

This is now a criminal investigation?

 

 

[HAL1000]

BTC is not a Security

And now Gary

These two are a double act, BTC is not a security, well it might be according to GG, which tells you something about how the SEC approaches providing clarity for market participants!!!!!!!

Edited December 17, 2021 by HAL1000

[Julian_Williams]

American media is so divided, and a whole section of the media are still not ready to report or mention this scandal which  now has criminal aspects.  The pressure Deaton is putting on this story makes it impossible not to hit the headlines. it is now simply too big to ignore.

[Julian_Williams]

I have not got my head around the rumours of an Epstein/Clayton connection.  I guess every scandal with legs ends up with people finding connections between the perpetrators and Epstein?  Is this real?  Gary Gensler is connected to Epstein too through his MIT connections and best friend at MIT was being funded by Epstein.

 

Edited December 17, 2021 by Julian_Williams

[VanGogh]

1 hour ago, Julian_Williams said:

American media ishe  so divided, and a whole section of the media are still not ready to report or mention this scandal which  now has criminal aspects.  The pressure Deaton is putting on this story makes it impossible not to hit the headlines. it is now simply too big to ignore.

The American media; that is, CNN, MSNBC, ABC, CBS, Fox, NY Times, LA Times, etc, has been straight left wing propaganda for years. Yes, Fox included. They've sold out freedom and democracy. They will not report real stories unless those stories further the narrative of the Left. As with Twitter and Google, these outlets are monitored and censored. A person is a 'sheeple if they actually believe what is put forth on American mainstream media. They are completely uninformed, yet believe they know it all. The only real news is to be found in alternative media.

[peanut56]

When people accept digital assets as a way to secure U.S. financial freedom instead of giving it to China then something will be done.

As far as the media. It has and always will be a half truth driven by adds. If you read historic news papers it's the same stuff different day. If anyone has sold out the country it has been the representatives. That includes local, state, and federal. I'm personally a big believer in the macro mimics the micro. IS you're county, city, state, behaving in a currupt manner. If so, then so are the federal representatives.

[Guest]

I don’t understand why J Clayton is not being investigated by the FBI. After all of the information that is public and how he handled this case, I just don't get why this man is not on trial.

He said recently that he wanted to protect retail investors. He was also warned not to drop this lawsuit against XRP. The SEC under his leadership did so anyway, destroying the market before Christmas. How is that protecting retail investors? Is he delusional?

He said he wanted to protect against information asymmetry. He then supports ether and turns a blind eye to their public and recorded ICO, effectively giving the asset and the Ethereum Foundation a free pass, all the while his associates who have an interest in ether line their pockets. 

Why is this sham against XRP still ongoing? 

China will win if Gary Gensler's SEC doesn't get it together. Time is of the essence. The very retail investors they say they are out to protect don't want to be represented by the SEC. You'd think the SEC would be smart enough to get a clue by now. 

[Guest]

Oh and one more thing before I'm done ranting on the internet, THANK YOU JOHN DEATON. YOU SIR ARE MY HERO IN ALL OF THIS. GIVE THEM WHAT THEY DESERVE AND THANK YOU FOR REPRESENTING US.

[peanut56]

Jay Clayton's decision probably has to do with money along with hinman both documenented. As far as the government not stepping in. If you think someone can't do a worse job than yourself give it to the government.

[NightJanitor]

On 12/17/2021 at 6:37 PM, Cambridge said:

I don’t understand why J Clayton is not being investigated by the FBI.

Dude, they're busy trying to figure out how to infiltrate PTA meetings and start fights so they can jail some fed-up parents who just want their kids to be learning how to read, write, and do math so that they have a future...  Got no time for crime!

If there's any payback to be extracted, it'll be in the form civil suits against some of the perpetrators, I'd imagine... Not exactly poor guys, these guys at SEC who did nothing but lie while cashing checks.

Anybody call dibs on Jay's beach house?

Edited December 19, 2021 by NightJanitor