The post John Deaton Criticizes SEC’s Lack of Regulation and Transparency Measures in Ripple Vs SEC Case appeared first on Coinpedia Fintech News
John Deaton, the founder of Crypto-Law.us, has remarked on the lack of regulation for crypto companies provided by the SEC, stating that it could only be possible to recognize large token holders in a “sane regulatory environment.” He also argued that the SEC has taken advantage of transparency measures enforced by Ripple Labs in their case against the company and its CEO. Deaton pointed out that the former director of the Corporation Finance division, Hinman, was asked if the SEC had details on the number of ether tokens held by Ethereum’s co-founders in 2018, but Hinman claimed to have forgotten the numbers or percentages. SEC Chair Gary Gensler has also suggested that Ethereum could be classified as a security.
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