• John Deaton slammed the SEC for its haphazard regulation of crypto.
• Deaton said that he would continue to represent 75,000 XRP token holders pro bono. 
• The lawyer stands against Senator Elizabeth Warren in Massachusetts.

John Deaton, a leading attorney in the cryptocurrency domain, explained on X (formerly Twitter) how the SEC’s approach to crypto regulation is confusing and inconsistent for market participants.

Deaton, now a Republican candidate challenging Massachusetts Senator Elizabeth Warren, has filed to appear as amicus counsel in the SEC’s Second Circuit appeal against Ripple, as shared in a post by Fox Business journalist Eleanor Terrett, a notable source for crypto news.

The crypto lawyer stated that he would continue to fight for clarity in the digital asset space “pro bono” regardless of the outcome of his Massachusetts Senate campaign. Deaton is trying to assist 75,000 XRP token holders including 627 who live in Massachusetts who could be directly impacted by the SEC’s latest appeal in the Ripple lawsuit.

Judge Analisa Torres, appointed by former President Barack Obama, ruled in 2023 that XRP itself does not qualify as a security, mak…

The post John Deaton’s Senate Bid: A Stand Against SEC’s Crypto Confusion appeared first on Coin Edition.

• John Deaton slammed the SEC for its haphazard regulation of crypto.
• Deaton said that he would continue to represent 75,000 XRP token holders pro bono. 
• The lawyer stands against Senator Elizabeth Warren in Massachusetts.

John Deaton, a leading attorney in the cryptocurrency domain, explained on X (formerly Twitter) how the SEC’s approach to crypto regulation is confusing and inconsistent for market participants.

Deaton, now a Republican candidate challenging Massachusetts Senator Elizabeth Warren, has filed to appear as amicus counsel in the SEC’s Second Circuit appeal against Ripple, as shared in a post by Fox Business journalist Eleanor Terrett, a notable source for crypto news.

The crypto lawyer stated that he would continue to fight for clarity in the digital asset space “pro bono” regardless of the outcome of his Massachusetts Senate campaign. Deaton is trying to assist 75,000 XRP token holders including 627 who live in Massachusetts who could be directly impacted by the SEC’s latest appeal in the Ripple lawsuit.

Judge Analisa Torres, appointed by former President Barack Obama, ruled in 2023 that XRP itself does not qualify as a security, mak…

The post John Deaton’s Senate Bid: A Stand Against SEC’s Crypto Confusion appeared first on Coin Edition.