Pro-XRP Lawyer John Deaton Advocates for End to SEC’s “Crypto Wars”
Pro-XRP attorney John E. Deaton has called on U.S. regulators to end the ongoing “crypto wars” spearheaded by the Securities and Exchange Commission (SEC).
These prolonged legal battles, which target prominent crypto firms like Ripple Labs, LBRY, and Coinbase, have imposed significant financial and operational burdens on the industry, raising concerns about stifled innovation and lost opportunities.
Ripple and SEC: A Costly Clash
Ripple Labs, the entity behind XRP, has spent over $150 million defending itself against the SEC’s allegations that its sale of XRP constitutes an unregistered securities offering. Ripple has vehemently denied these claims, arguing that XRP is not a security but a digital asset similar to Bitcoin or Ethereum….
