Lawyer John E. Deaton criticizes the SEC for its unfair treatment of cryptocurrencies and questions its omission of a key regulatory test.
Deaton highlights broader government corruption concerns, including allegations of misuse of power and conflicts of interest.
John E. Deaton, a well-known XRP advocate, has harshly criticized the US Securities and Exchange Commission (SEC) and its approach to cryptocurrency regulation in a post on X. Deaton’s criticism was spurred by his colleague James “MetaLawMan” Murphy’s observation that the SEC had overlooked an important aspect of cryptocurrency regulation in recent hearings involving large cryptocurrency exchanges Coinbase and Binance.
If people haven’t figured it out by now, let me help you: the speech was a pure money grab – nothing more, nothing less.
Whether you believe in #ETH or whether Ethereum is a great technology or ecosystem, is not the point. As I’ve said before, had the @SECGov sued @ethereum… https://t.co/qSuqzK

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