- John E Deaton accosted that the Hinman Deposition of July 2021 was faulty.
- The lawyer pointed out that Hinman’s response to the Court’s questions was guided by the SEC.
- Deaton posited that Hinman might have not expected the later exposition of the document.
John E Deaton, the founder of the digital service news platform CryptoLaw, and popular XRP attorney denounced William Harold Hinman’s deposition of July 2021, accosting that Hinman’s response to the Court’s questions was fabricated.
In July 2021, Hinman was summoned to the US District Court Southern District of New York for the deposition, during which he was supposed to provide reliable explanations to the Court’s questions regarding the SEC’s lawsuit against the crypto exchange Ripple.
Deaton took to Twitter to showcase the deceitful revelations of Hinman’s deposition:
In his tweet, Deaton claimed that Hinman’s assertions were concocted, under the guidance of the Securities and Exchange Commission (SEC). He posited that the SEC lawyers might have instructed Hinman not to expose the in-depth details of the case, and Hinman, unaware of the later exposition of the documents, might have bowed to their words.
The attorney showcased a question raised by the Court to Hinman:
Did you have communications with anyone other than SEC staff about the substance of your remarks in the June 14, 2018 speech before you gave it?
As a response to the question, Hinman, after clarifying whether the Court referred to the “SEC personnel” by the “SEC staff”, immediately said a clear “no”, explaining that he had no communication with the SEC “on the substance”.
Deaton further threw light on the Hinman e-mail or the “Ether Speech” of June, contradicting the latter’s words. In a number of e-mails, it is evident that the SEC has been very careful and adamant in picturing Ether as not a security.
In a series of tweets, the XRP lawyer has been trying to show the conspiring relationship between Hinman and the commission, especially in light of the former’s previous service as the SEC Division of Corporation Finance Director.
Amidst the prolonged legal battle between the SEC and Ripple, Deaton has been standing defending the exchange. Most of his tweets regarding the matter have indicated his strong opposition to the regulators. In a previous tweet, he invited his followers too to stand against the agency.
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