John Deaton Calls for End to SEC’s Crypto Legal Battles
- Pro-XRP lawyer John E. Deaton criticizes the SEC’s legal actions against crypto firms like Ripple, LBRY, and Coinbase.
- Deaton highlights that Ripple spent over $150 million on legal fees in a non-fraud case.
- The SEC shut down LBRY without fraud charges, causing job losses and financial harm to founder Jeremy Kauffman.
- The SEC recently settled with Digital Currency Group for $38 million over disclosure issues related to Three Arrows Capital.
- Deaton argues these actions hinder innovation and growth in the crypto sector.
John Deaton urges the SEC to reconsider its aggressive stance on crypto regulations, pointing out substantial financial burdens placed on companies like Ripple and LBRY without fraud allegations.
Source (2.6)https://coingape.com/pro-xrp-lawyer-john-deaton-calls-for-end-to-us-sec-crypto-wars/?rand=24432
