- Stuart Alderoty slams SEC for their ‘laughable’ analogy of an ecosystem of oranges for cryptocurrencies.
- When the SEC marked Bitcoin as a non-security, the reason put forward was that Bitcoin doesn’t own a network.
- John Deaton criticizes the SEC, stating that are not stupid, but they lack integrity.
XRP advocate John Deaton, who has gathered attention with his fierce comments against the Securities and Exchange Commission (SEC), has reinforced his discontent with the regulators’ policies. In a recent X post, Deaton asserted that the SEC is not “stupid” but “just lack[s] integrity.”
We know the same argument equally applies to buying #BTCGuess what the SEC lawyer said about buying #Bitcoin – and why it’s not a security?
He said #BTC doesn’t have a network.
SEC enforcement lawyers are not that stupid. They just lack integrity. It’s as if they “lack a… https://t.co/vGV4sdmmaQ
— John E Deaton (@JohnEDeaton1) January 19, 2024
Deaton’s tweet came in response to a post shared by Stuart Alderoty, the Chief Legal Officer at Ripple. On January 19, Alderoty criticized the commission for their “laughable” legal arguments, referring to the hi…
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