Deaton Blasts SEC Lawyers for Pressure Tactics on Ripple Executives

Crypto lawyer John Deaton has come to the defense of Ripple executives, accusing SEC lawyers involved in the previous lawsuit of being 'ethically challenged.' According to Deaton, around 75,000 XRP holders played a crucial role in helping the executives withstand the pressure from the SEC during this time.

Deaton's comments came after Ripple CEO Brad Garlinghouse revisited the company's legal ordeal with the SEC, recounting how the company almost wound down at the time. He expressed full belief in the story of Ripple CTO Emeritus David Schwartz, who revealed that the lawyers advised top Ripple executives to cut a deal to save themselves, claiming that the company was 'unsavable.'

Deaton alleged that the SEC's decision to sue Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen alongside the company was intended to pressure them into making a quick settlement. He argued that this approach is capable of causing personal and financial pressure on executives facing litigation from the U.S. government.