Crypto Lawyer John Deaton Calls for Coordination Against SEC's Anti-Crypto Efforts
16 Mar 2023 9:51 AM
Crypto lawyer and XRP advocate, John Deaton, has taken to Twitter to assemble a group of companies and individuals who the SEC has claimed violated...
- Crypto lawyer John Deaton is seeking companies and individuals who the SEC has claimed violated Section 5 of the Securities Act.
- Deaton is interested in software code that the SEC claims are an investment contract, regardless of the seller or circumstances of the sale.
- Deaton is calling for a coordinated effort to counter the anti-crypto push by the SEC.
- Deaton and other experts in the industry are concerned about the SEC’s interpretation of investment contracts.
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The article discusses the concerns of the crypto industry regarding the SEC's actions and interpretation of investment contracts. While there is a call for a coordinated effort to counter the anti-crypto push, there is also concern about the potential impact on the industry. The sentiment of the article is cautious and concerned.
Who is John Deaton and what is he seeking?
What is the SEC's interpretation of investment contracts?
Why is there concern about the SEC's actions in the crypto industry?
What is the role of Ripple in the fight against the SEC's adverse enforcement policy?
What is the potential impact of the SEC's actions on the crypto industry?