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Charging Ripple’s management of fraud was the SEC’s strategy to cover up its own misconduct.
At the beginning of the lawsuit, it was argued that the SEC not only sued Ripple XRP for being an unregistered security, but also sued Ripple’s management for fraud. According to lawyer and Ripple XRP supporter John Deaton, the real situation is different from what the SEC claimed.
For many months of investigation, the regulator has not found evidence of this fraud. As of now, there is no fraud charge against Ripple’s management in the lawsuit.
On the other hand, information about this is actively disseminated on the SEC network itself. The reason for this, according to John Deaton, is that the SEC, with the help of this strategy, wants to cover up its own unfair behavior, distracting the crypto community from fairly obvious facts of such.
In fact, the SEC never considered Ripple’s management to be scammers. It was previously known that the SEC, in the course of another complaint in court, called everyone selling Ripple XRP a violator of the law.
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