SEC Avoiding Internal Investigation? Laywer Drops Hint for XRP

XRP Attorney John Deaton Mocks SEC Commissioner’s

Key figures in the digital asset business are questioning the U.S. Securities and Exchange Commission (SEC) in light of its most recent case filings. The SEC chair and other officials, meanwhile, have refrained from commenting on it.

SEC putting off an investigation?

In an interview, SEC commissioner Hester Peirce declined to comment on specific commission-related operations. When asked if there had been any incidents at the SEC for which one could file a whistleblower claim, the commissioner said, "I really can't answer that."

In the Ripple v. SEC litigation, John Deaton, who is XRP holders' attorney, poked fun at this remark. Nothing is keeping the SEC commissioner from responding to that, it was stated in a Twitter discussion.

Peirce can assert that she is not implying that anyone did anything improperly, he continued. However, there is no harm in starting an investigation into such issues. The panel can draw lessons from any violations of the law or mistakes that were made.

The XRP lawyer mentioned that Hinman's ethical email was protected by Empower monitoring. He emphasised the SEC commissioner's remark that Hinman and Clayton were moral people. Hinman was not in line, though, and that is now a verified truth. Ripple and other defendants are attempting to turn over papers relating to the Hinmnas speech, according to a previous Coingape article.

Lawyer for XRP uses Peirce in motions

Deaton claimed that for around two years, he had been complimentary of the SEC Commissioner. He praised her for speaking out against Gensler's and Jay Clayton's clarifications about the cryptocurrency market. The attorney for XRP noted that he had used Peirce's remarks in his legal pleadings.

Nothing in law or morality, Deaton continued, prevents them from requesting an investigation. However, if Hinman and Clayton conduct themselves ethically, then that is what must be done. She may, however, admit that Hinman met his partners despite being told not to.