The lawyer of XRP loves John E. Diton is constantly reference via its X that XRP is not safe and urges SEC to also realize this in the ongoing legal battle with Ripple.
This time, John 3 Articles/documents should read SEC before judging XRP.
The main documents that challenge the position of the Supreme Education Council
John Diton refers to a legal article for the year 2018 by former CFTC Chairman Christopher Gianclu. Known as “Crypto-Dad” for his friendly approach to digital assets, Giancarlo clearly stated that XRP is not safe. He carries his opinion because, as a former chairman of the futures trading committee, he knows exactly what makes something a commodity instead of security.
In the FORBES article, Deaton participated, Giancarlo explained that XRP does not have the typical securities features. He pointed out that XRP holders do not care primarily profits from the work of others. Instead, XRP works like a currency or commodity. This directly challenges how SEC dealt with XRP in its case against Ripple.
Three things people in the Supreme Education Council must read:
1) Giancarlomkts AKA Crypto-Dad’s Law Article 2018 XRP conclusion is not safe. Giancarlo is the former head of CFTC Thus, he knows what the commodity is. 👇https://t.co/chypouzkqn
2) SEC enforcement lawyers wrote … https://t.co/ORKT6Dongg
John E Deaton (@Johnedaaton1) March 13, 2025
The second document that was highlighted is a completely detection – it is an analysis by SEC enforcement lawyers from June 13, 2018. SEC staff reviewed XRP using Howwey test but they did not conclude that it was safe. They also did not recommend taking any action against Ripple, Brad Garlinghouse or Chris Larsen.
Deaton also mentioned a letter from December 2020, written by former SEC Commissioner Joe GrundFest to Jay Clayton and other SEC leaders. In this letter, he appealed to GRUNDFEST with SEC for not processing XRP differently from Ethereum. He warned that doing this would raise serious questions about SEC’s justice and motives.
Also read: ETFS XRP is approved “possible” soon – here is the expected date
Comparison ethereum in settlement talks
Reporter Charles Jasbreeno recently participated in some internal information about the settlement talks between Ripple and SEC. According to his sources, SEC is now considering whether using the current trading of XRP and using the real world more than a commodity more than security.
The comparison with Ethereum seems to be a major factor in these discussions. Gasparino noted that both ETH and XRP started in similar ways – both symbols helped finance their platforms. However, somehow, avoid ETHEREUM SEC application while sue Ripple.
Scope: off EleanorterrettYesterday’s scoop on @ripple – Secgov Settlement negotiations, one of the issues that are evaluated by the committee is whether it is $ Xrp Trade continues and has a benefit that makes it a more safe commodity. I was told …
Charles Gasparino March 13, 2025
Obvious reason? The Supreme Education Council believes that Ethereum has changed over time to a commodity. Now in the settlement conversations, they closely compare the cryptocurrencies. SEC already accepts that Ethereum is trading as a commodity today. They are now trying to know if they can say the same about XRP.
It seems likely that the SEC issue against Ripple and XRP is heading towards a favorable accuracy of ripples. Even observers who do not have a code of encryption or legal experience can see clear contradictions in the SEC approach. With the former organizers, the internal SEC documents, the ethereum preceded, all of whom indicates a similar direction, the pressure is based on the Supreme Education Council to reconsider its position.
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