By Jake Simmons. March 24, 2021. (Crypto News Flash)
Attorney John E. Deaton continues to fight for the XRP community, seeking arguments as to why the U.S. Securities and Exchange Commission (SEC) is wrong in classifying XRP as a security. In a Twitter thread yesterday, Deaton laid out why the Ethereum Foundation’s sales of Ether (ETH) met the facts for a security much more than any sales of XRP by Ripple that he is aware of.
In doing so, Deaton specifically referenced a video shared by “Digital Asset Investor” via Twitter in which Ethereum’s creator, Vitalik Buterin, spoke about the initial fundraising and transfer of 500,000 ETH to Galaxy Digital’s Mike Novogratz. Deaton explained:
What @VitalikButerin is doing in the below video is much more of an “offering” of a security than any specific sale of #XRP that I’m aware of – (although I’m not aware of all #XRP sales).