Timeline Reveals Shocking SEC Connections and Crypto's Untold Story - Investor Bites

Timeline Reveals Shocking SEC Connections and Crypto’s Untold Story – Investor Bites

Time Stamp: June 17, 2023 6:04 AM
Timeline Reveals Shocking SEC Connections and Crypto's Untold Story - Investor Bites PlatoBlockchain Data Intelligence. Vertical Search. Ai.

SNEAK PEEK

  • Secret meetings and alleged favoritism within the SEC were exposed in a timeline.
  • Major players, including Ethereum’s Lubin, are accused of influencing regulatory outcomes.
  • Former SEC Director’s speech raises questions about hidden agenda and selective omissions.

A recent timeline has surfaced, exposing a series of secret meetings, backroom deals, and alleged favoritism within the Securities and Exchange Commission (SEC). In a twist that could shake the foundations of the cryptocurrency world, John E Deaton, the managing partner of the Deaton Law Firm, reveals surprising connections between SEC officials, influential law firms, and significant crypto players. 

Deaton presents a researched timeline that leaves no room for doubt. It started on March 23, 2017, when SEC Chairman Jay Clayton agreed to stop voting on matters involving his law firm’s clients. Fast forward to November 30, 2017, and the bombshell announcement by Ethereum co-founder Joseph Lubin and Consensys of the Brooklyn Project, a move that raised eyebrows and set a dubious backdrop for what was to come.

The plot thickens as Deaton reveals a meeting on December 13, 2017, between Lubin, Consensys, and lawyers from Sullivan & Cromwell, Clayton’s law firm. The implications are staggering, especially considering what follows.

Enter January 25, 2018, when Clayton meets with Andreesen & Horowitz, instructing them to assemble a group to write a memo. This group, led by Ether investors from Perkins Coie, ultimately seeks a regulatory free pass from the SEC as the astonishing chain of events unfolds.

The timeline reached a boiling point on June 14, 2018, with the infamous speech by former SEC Director William Hinman. In his revelation, Hinman declares Ethereum’s ether is not a security, setting off a firestorm of controversy. But questions linger: Did Hinman conveniently omit to mention Ripple’s XRP during his speech? Lubin’s response adds yet another layer of intrigue.

As the story unfolds, connections between Lubin, Consensys, and the SEC continue to emerge, along with accusations of preferential treatment and a hidden agenda. What role did Clayton’s law firm play in shaping regulatory outcomes? And why does Lubin seem to possess insider knowledge about the SEC’s intentions?

According to the cryptocurrency community, this fascinating exposé presents a shocking alternate narrative, raising important questions about the SEC’s handling of cryptocurrencies. Are we witnessing a rigged game where influential players shape the rules to their advantage? The implications are staggering and demand further investigation.

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