1. Developments in the Ripple Case
2. Importance of Transparency
3. Upcoming Report

Attorney John Deaton recently discussed the developments in the Ripple case, emphasizing the importance of transparency in government dealings.

Developments in the Ripple Case

In his appearance on the Good Morning Crypto Show, John Deaton expressed concerns over the lack of transparency in government dealings. He mentioned private meetings between SEC Chair Gary Gensler and Sam Bankman-Fried, noting that no records from these meetings have been made public despite significant donations from Bankman-Fried to the Democratic Party.

Importance of Transparency

Deaton pointed to internal SEC emails revealed in the Ripple case, showing that officials wanted to keep regulations, particularly about Ethereum, unclear. He stated that this allows the SEC to act as they see fit, preferring ambiguous laws to maximize enforcement opportunities.

Upcoming Report

Deaton also highlighted an ongoing investigation by the Inspector General initiated by Empower Oversight against the SEC over conflicts of interest, particularly regarding Ethereum. The report is expected soon, and John is eager to see its outcomes. For context, Ripple's legal battle with the SEC has officially ended, marking a major victory for XRP holders.

John Deaton emphasizes the necessity of transparency in government dealings, referencing the Ripple case and the role of regulators in maintaining ambiguities in laws to ensure enforcement opportunities.