Eleanor Terrett, a TV reporter and film producer for Ford Focus Business Services, indicated on Twitter that Jay Clayton, the current chairman of the former SEC, initiated a lawsuit against Ripple Labs, Brad Garlinghouse and Chris Larsen, claiming that XRP is a kind of security. He now indirectly supports Ripple. This person did this based on his work for Electric Capital, one of the companies that decided to submit a friendly newsletter for Ripple Labs. Clayton added Electric Capital as a consultant in August this year.
Bill Hinman, former head of the Foreign Stock Exchange Association (SEC), made a speech in 2018, calling the Ether as a non security property. He joined the shareholders' meeting of Andreessen Horowitz. This company and Electric Capital are all members of the Data Encryption Consortium. In the past 24 hours, this entity line requested to be one of four people who submitted a friendship newsletter to support Ripple Financial Technology Co., Ltd.
Apart from the Data Encryption Federation, this requirement comes from the Coinbase Exchange, Valhil Capital, a venture capital company, and John E. Deaton, the founder of CryptoLaw.
Eleanor Terrett shared the irony of these issues and wrote on Twitter that Clayton and Simman now "unintentionally support" Ripo.